The national government is edging closer to sealing a public-private partnership (PPP) agreement to complete the stalled Sh.19.8 billion Koru-Soin Multipurpose Dam.
Deputy Chief of Staff Eliud Owalo discussions with potential private sector investors were at an advanced stage and that the government was firmly committed to ensuring the long-overdue project finally sees the light of day. "We are now fine-tuning the financing model under a PPP arrangement that will guarantee not just completion of the dam, but sustainable management and operation going forward.
This is because the earlier model which was 100% financing by the government was not tenable," he said.
The Koru-Soin Dam, which straddles Kisumu and Kericho counties, he said, is designed to serve multiple functions - flood control, domestic and industrial water supply, irrigation, and power generation.
