The National Treasury is set to take over the Kenya Railways Corporation (KRC), Kenya Pipeline Corporation (KPC), and Kenya Ports Authority (KPA) as part of the government restructuring plan in order to create a seamless transport network.
Treasury CS Ukur Yatani revealed the report and said that the treasury will other than handling the financial duties of the government, it will now take charge of billions poured into the transport sector.
“In addition, the network will allow for centralisation of operations and would not cause disruption to the legal structuring of the state entities. The three entities have since been transferred to the National Treasury. The department has been tasked to strengthen its internal capacity by securing the necessary technical skills and competencies needed to effectively oversee investment portfolio management, and the setting up, monitoring and reporting of the financial performance of commercial state corporations,” said CS Yatani.
Transport Ministry
For years, the three agencies have been under the control of the Transport Ministry. This has seen the government pour billions into the sector in an aim to spur economic growth within the country. The ministry has conducted a number of projects including the Standard Gauge Railway (SGR), Nairobi Expressway, and major superhighways across the country.
Meanwhile, according to the 2021/22 financial budget, Sh 32.4 billion will be poured into the railway sector for rehabilitation services. A Sh 5billion deal was also inked between Uganda and China Roads and Bridge Corporation (CRBC) which will link Kampala to Kenya’s SGR and boost regional trade.
In addition, Sh 100billion deal was signed between President Uhuru Kenyatta and Tanzanian President Samia Suluhu for the construction of a gas pipeline from Dar es Salaam to Mombasa.
