photo courtesy:Kenyan Flyover built by Chinese
A recent survey shows that the Chinese construction companies that control more than half the value of the Urban road contracts across the country,expanding their dominance from the national highways.The survey analysis that was conducted by business daily shows that Chinese contractors controls up to fifty percent of the Kenya Urban Roads Aithority(KURA) projects worth 25.5 billion Kenyan shillings that were undertaken beginning from last year.The data shows that Chinese have overtaken Kenyan construction companies which account for 13.3 billion Kenyan shillings or 26.2 percent of KURA road contracts across the country.
The survey further indicates that Chinese companies are already dominant in the national trunk road segment,controlling upto eighty five percent of the value of Kenya National Highways Authority(KeNHA).Kenyans companies are ranked in the third position among KeNHA roads at six percent behind Japan's eight percent of the major road work linking counties as well as national towns in the country.The information reveals that the dominance of Chinese companies has left a bitter taste in the mouth of the local contractors who are now losing even on county roads and real estate project.
Content created and supplied by: ANALYSTFELO (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More