Public-private projects slashed for lack of cash
National Treasury Head of Public-Private partnerships Mr Stanley Kamau (left) consults with the World Bank Country Director, Ms Diarietou Gaye at a meeting on June 19, 2013. Kenya will undertake only six projects in the first five years under the public-private partnerships out of the 160 projects identified as important to help the country become a middle income state by 2030. The decision, according to the head of public-private partnerships at the Treasury, Mr Stanley Kamau, is informed by logistics involved and lack of adequate fund to undertake all projects.
The team is currently assessing a shortlist of 16 projects that has been picked as critical to agree on the top six to be undertaken in the next five years. Mr Kamau was speaking on Thursday during a two-day conference hosted by the World Bank and government on financing and managing public-private funded projects.... Read the full, comprehensive news article and discuss at The Daily Nation