Vision 2030 Delivery Secretariat has announce plans to prioritise signing up more public-private partnerships on ticket projects to accelerate their pace of development and completion timelines over the next decade.
According to Vision 2030 Delivery Secretariat, Director General, Kenneth Mwige, the government is only required to fund 30% of the projects under vision 2030 with private sector given a window to finance 70% on project costs.
Latest Data from Vision 2030 Delivery Secretariat shows the country’s economy has been growing at an Average of 4.9% despite slowdowns to about 2% on every election cycles. The Lamu Port-South Sudan-Ethiopia-Transport corridor –LAPPSET, the Konza Techno City, modernisation of aviation facilities, expansion of the port of Mombasa, and the standard gauge railway (SGR) are current on-going flagship projects that will make a significant contribution towards achieving the 10% economic growth target and improve Kenya’s standard of living.
Implementation progress
Transport in Nairobi is set to get a major boost with the ongoing construction of the Sh 62 billion, 27km Nairobi Expressway, expected to be completed by December 2022. Kenya, through its Public Private Partnership Unit and the Kenya National Highways Authority (KeNHA), executed Africa’s largest ever PPP through an agreement with the French company Rift Valley Highway, for the development of the Nairobi-Nakuru-Mau Summit Highway project.
Similarly, the construction of three berths at Lamu Port, fully financed by the government is on-going with berth one already completed. A total of 32 deep sea berths are expected to be put up at a cost of Sh 500 Billion. The remaining 29 berths will be developed by private sector investors.The Secretariat projects the port to be operational by October 2021.
“Significant progress has been made over the years in line with our Medium Term Plans. The pace of completion has however been hampered partly by new developments beyond our control including current COVID-19 pandemic that has negatively impacted on economic growth across the world ,” said Vision 2030 Delivery Secretariat, Director General, Kenneth Mwige.
Ministries, state departments and government agencies have over the 2019/2020 fiscal year experienced budget restrictions due to slow revenue growth compared to 2018 and Climate change effects on Agriculture sector occasioned by drought during first half of the year, followed by high rainfall in the second half.
Other factors that have slowed down implementation progress include inadequate funding, and weak legislation especially in social sectors and an emerging issue, the Corona Virus (COVID-19) Pandemic, impacting delivery of flagship projects towards end of third quarter (Q3) till the end of the year.
“Unprecedented containment measures scaled down sector wide activities, resulting in poor business environment further slowing economic performance. This reality and the requisite adjustments such as change in the tax laws affected the realization of ordinary revenue targets, undermined resource mobilization for implementation of Vision 2030 and the ‘Big Four’ Agenda,” said Mwige.
