{"id":293,"date":"2020-03-04T03:12:58","date_gmt":"2020-03-04T03:12:58","guid":{"rendered":"http:\/\/infrastructurebrief.com\/?p=293"},"modified":"2023-12-18T19:29:33","modified_gmt":"2023-12-18T19:29:33","slug":"kenya-eyes-first-road-bond-at-1-5-billion","status":"publish","type":"post","link":"https:\/\/infrastructurebrief.com\/kenya-eyes-first-road-bond-at-1-5-billion\/","title":{"rendered":"Kenya Eyes First Road Bond At $1.5 Billion"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-311 alignright\" src=\"https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy-300x200.jpg?resize=300%2C200\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?resize=1024%2C682&amp;ssl=1 1024w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?resize=768%2C511&amp;ssl=1 768w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?resize=1536%2C1022&amp;ssl=1 1536w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?resize=600%2C400&amp;ssl=1 600w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?w=1600&amp;ssl=1 1600w, https:\/\/i0.wp.com\/infrastructurebrief.com\/wp-content\/uploads\/Kenya-Nakuru-Hwy.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/>An ambitious road project will see Kenya issue a $1.5 Billion first bond for the sector to carter for infrastructure costs.<\/p>\n<p>It is expected that the bond will be issued by June and will benefit other sectors of the economy.<\/p>\n<p>Infrastructure Principal Secretary Paul Maringa announced that the government is getting ready to issue its first-ever road bond seeking KSh150 billion ($1.5 billion),<\/p>\n<p>Paul Maringa told the Parliament that the bond will be issued by June this year. Part of the resources will go to Kenya Roads Board (KRB) to settle pending bills covering the period up to June 30. The remaining will be used to fund road projects across the country, from July 1 to September 30, and a second bond will then be issued.<\/p>\n<p>According to the official, the road sector needs $6.4 billion to settle pending commitments. \u201cIt will take over 10 years to pay off the current outstanding commitments, assuming no new projects are brought on board,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An ambitious road project will see Kenya issue a $1.5 Billion first bond for the sector to carter for infrastructure costs. It is expected that the bond will be issued by June and will benefit other sectors of the economy. Infrastructure Principal Secretary Paul Maringa announced that the government is getting ready to issue its [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[25,15,22,26],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kenya Eyes First Road Bond At $1.5 Billion - Infrastructure Brief<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infrastructurebrief.com\/kenya-eyes-first-road-bond-at-1-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya Eyes First Road Bond At $1.5 Billion - Infrastructure Brief\" \/>\n<meta property=\"og:description\" content=\"An ambitious road project will see Kenya issue a $1.5 Billion first bond for the sector to carter for infrastructure costs. 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