Bechtel (US government) rejected the PPI model that government honchos proposed for the project.
American contractor Bechtel wants State to pay for building highway instead of recovering its investment from motorists.
www.businessdailyafrica.com
Then the same Kenyan governments honchos said that the Chinese were major contenders after the Betchtel pull out.
The major reason for the pull out was inflation of cost of construction of the road.
It is now clear that the US government has ditched the project which it earlier this year questioned its costing, with concerns it had been inflated by at least 66.7 per cent.
While initial construction costs by the Americans was estimated at $1.8 billion (Sh185.9 billion), government placed the cost at $3billion (Sh309.9 billion) which is Sh124 billion more.
US government has ditched the project over costing with concerns it had been inflated by 66.7 per cent.
www.the-star.co.ke
If the contract is ever given,it will be to one who allows for their costs to be inflated.