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{
    "id": 1562261,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1562261/?format=api",
    "text_counter": 437,
    "type": "speech",
    "speaker_name": "Mr. Davis Chirchir",
    "speaker_title": "The Cabinet Secretary for Roads and Transport",
    "speaker": null,
    "content": "smart idea of doing a multi-year will not have us go to the Financial Year 2025/2026 with the programmes of the Financial Year 2024/2025. We should finish the programmes that we planned for the Financial Year 2025/2026. I have repeatedly addressed the issue raised by Lugari Member of Parliament, Hon. Nabii Nabwera. We, honestly, do not wish to affect the RMLF’s 22 per cent and 10 per cent even as we think through securitisation. But securitisation is the solution for discounting the value of the money that we should be collecting for the next 10 years and what will allow us to use that money in the next two or three years to address the challenges that we are facing in the road sector today. On murraming of roads and the Cabinet Secretary allocation, like I mentioned, securitisation has already unlocked Ksh63 billion. We will be going out to list 20 per cent and 80 per cent on the bond market to raise Ksh175 billion and address the challenges facing the road sector on account of the securitisation. Again, like I have said, I would like to get any road that is stalled today on account of a pending bill because we are now able to pay. If they have not resumed, it is because of money challenges. Hon. Speaker and Members, we should get contractors back to work on any road stranded on account of pending bills. We have paid them 40 per cent and they have signed up the settlement agreement we developed. The settlement agreement is a return-to-work formula. They are all going back to work. In fact, I addressed all the contractors in a breakfast meeting this morning. They should all be getting back to work."
}