French Govt moves to save Uhuru’s 160B project after Ruto’s directive
French Govt moves to save Uhuru's 160B project, the construction of Nakuru-Mau Sumit road after it had been abandoned
French Govt moves to save Uhuru’s 160B project, the construction of Nakuru-Mau Sumit road after it had been abandoned.
Following the French government’s intervention, construction of the Ksh160 billion Rironi-Nakuru-Mau Sumit road is set to resume.
Deputy President Rigathi Gachagua announced on Monday, January 16, that the government would move forward with the project that had been postponed due to financial worries.
DP Gachagua made the announcement after meeting with French Ambassador to Kenya, Arnaud Suquet.
However, he noted that a review of the bill must be done.
“We remain open to having further discussions with the developer, which we hope will result in giving Kenyan taxpayers the best value for their money,” the Deputy President indicated.
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On his part, Suquet reiterated that France was key in delivering the project which was crucial to the diplomatic relationship between the two countries.
“This remains a priority project when it comes to the relationship between the two countries. We remain aware of the importance of investment and trade between us,” the French envoy stated.
The ambassador disclosed that President Emmanuel Macron would host President William Ruto in France to hold further discussions on bilateral relations.
Gachagua welcomed the idea adding that it would open more opportunities for Kenyan investors.
Meanwhile, the French government contributed Ksh134 million (1 million euros) to drought relief.
The funds would be used to construct and rehabilitate boreholes in Marsabit, Isiolo, and Samburu counties.
In East Africa, Kenya is France’s top trading and investment partner, sending goods worth Ksh11.9 billion to the European country. France sent Ksh25.4 billion worth of goods in just 2021.
France, which ranks as Kenya’s fifth-largest investor, contributed 10% of Kenya’s direct and indirect commercial investments.
It injected equity worth Ksh148 billion through the Movement Des Entreprises De France (MEDEF).
Also read,
Ruto puts Uhuru’s Sh160 billion road project on hold
Ruto to launch an alternative of Uhuru’s failed Huduma Namba project
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