Kenya roads department says KSh 208.6 billion disbursed through securitisation
Kenya's State Department for Roads has disbursed KSh 208.6 billion through a securitisation framework, Cabinet Secretary Davis Chirchir announced in Naivasha; gross pending contractor bills stood at KSh 98.17 billion as of June 2026, the department said on 29 October 2026.
The State Department for Roads has disbursed KSh 208.6 billion through a securitisation framework to support road development and settle outstanding payments to contractors, it said in a statement on 29 October 2026.
Cabinet Secretary for Roads and Transport Davis Chirchir made the announcement in Naivasha during a consultative retreat with the National Assembly Departmental Committee on Transport and Infrastructure, chaired by George Kariuki. The disbursements comprised KSh 61.7 billion in the 2024/25 financial year, KSh 115.8 billion in 2025/26 and a further KSh 31 billion in the first quarter of 2026/27.
Gross pending contractor bills stood at KSh 98.17 billion as of June 2026, the department said. Road Maintenance Levy Fund collections reached KSh 127.4 billion in 2025/26, and development Exchequer absorption stood at 99.8 per cent.
Projects supported by the money included capacity enhancement along the James Gichuru–Rironi Road and improvements to the Garissa–Isiolo corridor, the statement said. It described securitisation as a mechanism designed to ease pressure on Exchequer funding, sustain ongoing road projects and accelerate the settlement of outstanding contractor obligations.
Principal Secretary for Roads Eng. Joseph Mbugua accompanied the Cabinet Secretary. The directors-general of the Kenya National Highways Authority (KeNHA), the Kenya Urban Roads Authority (KURA) and the Kenya Rural Roads Authority (KeRRA) also attended.
The Kenyan news site Citizen Digital reported on 1 August 2025 that the government had taken KSh 7 of the KSh 25 charged on each litre of fuel for road maintenance, packaged it and sold it to investors, raising about KSh 175 billion upfront.
KURA Director General Eng. Silas Kinoti said, as quoted in the report, that the KSh 175 billion would cover road works, interest on delayed payments and land compensation. Paying contractors' unpaid dues was expected to restart more than 580 stalled road projects, the report said.
Drafted and translated with AI assistance; reviewed and published by editor Fengyan Du. How we use AI
Sources
Reporting Desk research, human-reviewed Sources 2 Published 30 Oct 2026 Corrections none How we check
Got a tip? Tell us →
