Water CS Simon Chelugui has said Kenya risks losing Sh11bn if it cancels the contract with CMC di Ravenna for construction of the Sh35.39 billion Itare Dam. Already, Sh11.5 billion has been paid to the contractor in advance installments and part-payments for work done. “Even if we were to terminate the contract now we will still need to pay the contractor Sh2.5 billion,” the CS said, insisting that the contractor has already done more work than what has so far been paid for. The numbers he gave, however, contradicts the…
Read MoreKenya risks losing Sh11bn over Itare Dam contract – CS Chelugui
