Kenya has spent one trillion shillings in the last ten years to modernize and expand its road network.
This has increased Kenya’s classified road network to more than 160 thousand kilometers from less than 60 thousand kilometers a decade ago.
Infrastructure Principal Secretary says the country will still need to invest at least one trillion shillings more in the next five years in new road project and maintenance of existing roads.
In the last ten years, Kenya has rolled out major investment projects which has seen several bypasses and major roads upgraded.
Some of the projects include the modernization of Thika superhighway, various bypasses in Nairobi, Mombasa, Eldoret and Kisumu cities among others.
However, almost 40 percent of these roads are in deplorable condition according to the Kenya roads authority.
Infrastructure Principal Secretary Paul Maringa says Kenya should spend 1 trillion shillings over the next five years if it is to clear a backlog of required new roads and maintenance, according to a state agency.
Kenya Roads Board executive director Jacob Ruwa says the authority is preparing a schedule of projects to present to potential investors in infrastructure bonds that are likely to be issued in the first quarter.
Ruwa says the one trillion shillings will be sourced from local as well as international investors.
Last week President Uhuru Kenyatta signed into law the Amended Kenya Roads Board Act which give the board the authority to borrow funds for infrastructural projects.