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Tuesday, February 25, 2025

Kenyan Govt Accumulates Over Sh100 Billion in Loans for JKIA Expansion, but Projects Remain Stalled

Over Sh100 billion in loans acquired for the expansion and modernisation of Jomo Kenyatta International Airport (JKIA) over the past 12 years have yielded little progress, raising concerns over mismanagement of public funds.

The loans were intended to fund the construction of a new terminal, a second runway, and other key infrastructure to transform JKIA into a world-class aviation hub. However, the projects remain incomplete, with no significant improvements visible on the ground.

Financial records reveal that the borrowed funds were meant to enhance passenger experience, increase capacity, and improve airport efficiency. Despite these commitments, the lack of development has left taxpayers burdened with debt while infrastructure at JKIA continues to face congestion and operational challenges. The failure to deliver on these ambitious plans has sparked public outrage and calls for accountability.

The revelations come shortly after President William Ruto cancelled the Sh250 billion JKIA deal linked to Indian billionaire Gautam Adani. The controversial deal had already drawn criticism, with many questioning its transparency and potential impact on the aviation sector.

The newly exposed financial mismanagement surrounding previous JKIA expansion efforts has deepened concerns over governance within key government institutions.

Aviation industry stakeholders and the public are now demanding thorough investigations to establish how the funds were used and why the projects remain unfulfilled.

Calls for greater transparency and accountability in government infrastructure projects have intensified, with many urging reforms to prevent similar financial mismanagement in the future.

The Kenyan economy is already under strain, and the failure to complete crucial projects despite significant borrowing adds to the financial burden on citizens.

The government is expected to address these concerns and provide a clear strategy for resolving the stalled projects while ensuring proper use of public funds.

Authorities responsible for overseeing aviation infrastructure are now under pressure to explain the state of affairs at JKIA.

https://x.com/StandardKenya/status/1893926514564931964?t=3Zywl9gLkKWDoyozfu_rMQ&s=19

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