Agency plans Sh30 billion roads maintenance bond

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Business Daily | by Edwin Okoth

The Kenya Roads Board will issue a second Sh30 billion roads bond this year to source funds for maintenance which has been lagging for decades due to insufficient funding.

The 10-year bond will be backed by the close to Sh70 billion collected from motorists through the Roads Maintenance Levy Fund.

This will make it the first bond to be backed by the levy charged at Sh18 per litre of fuel at the pump…

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