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{
    "id": 1077059,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1077059/?format=api",
    "text_counter": 265,
    "type": "speech",
    "speaker_name": "Pokot South, JP",
    "speaker_title": "Hon. David Pkosing",
    "speaker": {
        "id": 2662,
        "legal_name": "Losiakou David Pkosing",
        "slug": "losiakou-david-pkosing"
    },
    "content": "to build our roads then we can maintain them using the normal budget. Why do we have roads being built for 20 years? Why do we not get a bond, build roads and enjoy today, then we can pay slowly for those 20 years using our fuel levy and maintain using the budget? We suggested that and Hon. Members agreed that KRB floats that bond. Security is the fuel levy. Two, we also proposed as Committee that we can also securitize using Annuity Fund which this House created. Annuity Fund is the investment portfolio that supplies the return on your premium. It has been done for roads, the PPP roads. We calculated as a Committee on behalf of the House and we found out that, that programme was the most expensive programme almost in the world in terms of delivery of roads. We found out that using annuity to fund PPP will cost a road about Kshs 240 million per kilometer. The low volume roads cost us about Kshs 50 million per kilometer. The standard roads like KURA roads is about Kshs 80 million per kilometer. The KeNHA roads which are the big roads; the trunk roads are about Kshs 120 million to Kshs130 million per kilometer. The annuity fund is about Kshs 240million because private sector invests money and comes later to ask Government to pay. So where does the investor get the money? He goes for a loan. When he is given the loan, there is interest and then the people of Kenya through PPP and annuity are asked to pay for loan and interest of the private sector. That programme is unsustainable. We have made it very clear as a Committee to this House and the Budget and Appropriation Committee that we must think outside the box because there is a problem there. These are the suggestions that we made to the Budget and Appropriation Committee. The Cabinet Secretary is coming here as it was communicated by the Speaker. We are hoping he will address the issue of roads. We have a problem in roads. In fact, if there is one thing that we require to be done is road development. If we do roads, it will spur the economy, everybody will go to his house, children will go to school and we will have a good country. At least, as a Committee, we have given a way on how we can get more money. Therefore, the Budget and Appropriations Committee and the National Treasury must get us a minimum of Kshs 75billion this Financial Year, so that we can manage to build our roads so that Kenyans access their homes and social institutions. As I conclude, if we do not think outside the box, we will have a crisis ahead and impassable road between August and September. Hon. Members you know we are almost going for elections, if we have impassable roads, then all of us shall go home. Please, get us the money, so that we do not go home. You can go home but definitely not because of bad roads. Maybe, you can go to do other things but not roads. I plead with Hon. Members. With those few remarks, I support the Motion."
}