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{
    "id": 1254181,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254181/?format=api",
    "text_counter": 132,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary, National Treasury and Economic Planning",
    "speaker": null,
    "content": "private sector expertise to deliver projects that have strong economic, commercial and environmental benefits that are also aligned to national priorities with sustainability and climate change as key considerations and drivers. To ensure the sustainability of PPP projects, the Project Facilitation Fund (PFF) has been operationalised. The Fund will support project preparation, provide viability gap funding to projects as well as a source of liquidity to meet physical commitments and contingent liabilities that may arise from PPP projects. With the Fund in place and a robust legal and regulatory regime, the private sector has the necessary confidence and security to invest in PPP projects. Indeed, in the last financial year, the National Treasury successfully mobilised Ksh15 billion by achieving financial closure of two clusters of urban roads projects under the roads’ annuity programme. The projects are currently in the construction phase. Additional projects that have closed include two renewable energy projects with a combined install capacity of 70 megawatts. Further, to contribute towards Government’s agenda on bulk water supply and food security, several high impact projects have been appraised and approved to proceed to the project development phase under the PPP model. These projects will provide production of additional 51,000 hectares to further strengthen the food security agenda which is a high priority for the Kenya Kwanza Administration. The bulk water will increase portable water supply by an estimated 200 cubic metres per day. The National Treasury and the Ministry of Water and Sanitation have developed a Water Purchase Agreement which will pave way for the private sector to develop projects in a sustainable way. The National Treasury is in the process of developing a 10-year infrastructure plan that will be crosscutting across various ministries to support delivery and prioritisation of projects."
}