Kenya infrastructure investment law could be in place by next year

02/12/2011 - Kenya property & investment news
Kenya infrastructure investment law could be in place by next year

Kenya could be about to see a spurt in infrastructure investment through a new public private partnership (PPP) law, set to be introduced early next year.In news that could interest those with property interests in Kenya, the country is looking for help from the private sector to create new roads and transport links.This comes after the country ran up an infrastructure deficit of around 232 billion shillings. According to businessdailyafrica.com, ministers hope the new law will help bridge the gap.Permanent secretary Joseph Kinyua is quoted by the news provider as saying that the draft law has already been passed and it could be debated in parliament as early as January or February."The majority of these guarantees will be channelled towards energy projects which after close scrutiny are determined to be potentially beneficial to Kenyans coming at a time when power in the country remains expensive," he added.It comes after plans for a new geothermal plant in Kenya were set out earlier this week. When complete, it could be in operation by 2014.Posted by Neil King