The Treasury Allocates Ksh 182.5 Billion On Infrastructural Development

Photo courtesy.

Spread the love
  • Of the Ksh 182 billion, Ksh 1.3 billion has been allocated for the railway metro lines to improve public transport within the Nairobi Metropolitan Area.

National treasury cabinet secretary ukur Yatani announced the allocation of Ksh 182.5 billion on the infrastructure of the Ksh 3.6 trillion 20201/22 financial year budget to enable the creation of employment and economic recovery.

Of the Ksh 182 billion, Ksh 1.3 billion has been allocated for the railway metro lines to improve public transport within the Nairobi Metropolitan Area.

“To expand railway transport to the rest of the country, I have set aside Ksh 27.2 billion for phase II of the Standard Gauge Railway and Ksh 2.0 billion for construction of the Naivasha inland Container Depot – Malaba line,” Yatani said.

 The CS further confirmed the allocation of Ksh 2.0 billion for the construction and rehabilitation of the Riruta/Lenana- Ngong Railway and Ksh 1.1 billion to complete the renovation of the Nairobi Nanyuki Meter Gauge railway line.

 “I have set aside Ksh 700 million to complete the rehabilitation of the Nakuru-Kisumu Metre gauge railway and Ksh 2.0 billion for the Kenya National ShipYard,” the CS said.

The treasury proposed to the parliament for the allocation of Ksh. 7.5 billion for the construction of the Mombasa Port Development project and Ksh 7.5 billion for the LAPSSET project to support the development of the ports.

Ksh 128 million has further been set aside for the insurance of the ferries at the Likoni channel as  Ksh 149 million is directed to maintenance of the ferries and jetties headquarters.

Yatani further announced the allocation of Ksh 603 million to expand airstrips and airports to enhance the efficiency of Kenya’s critical transport and logistics sector.

These infrastructural developments will improve transport networks that will enhance regional trade and act as a business incentive for potential investors.

Sharing is Caring

Do you have a groundbreaking story you would like us to publish? Please reach us through [email protected]. You can also contact 254news.co.ke Instantly.