FINANCING STRATEGIES AND IMPLEMENTATION OF ROAD INFRASTRUCTURE PROJECTS BY THE MINISTRY OF ROADS AND TRANSPORT IN NAIROBI CITY COUNTY, KENYA
Abstract
Purpose of the study: The study sought to ascertain the effects of financing strategies on the implementation of road infrastructure projects by the Ministry of Roads and Transport in Nairobi City County, Kenya. Specifically, it examined how debt financing, public–private partnerships, national budget allocations, and transit tolls affect the implementation of road infrastructure projects.
Statement of the problem: A causal research design was employed. The target population comprised 514 employees of the Ministry of Roads and Transport. A sample size of 226 respondents was obtained using proportionate stratified sampling and Yamane’s formula with a 5% margin of error. Descriptive and inferential statistics, including correlation and multiple regression analysis, were used for data analysis.
Methodology: A causal research design was employed. The target population was 514 ministry of road and transport employees. The sample size was 226 obtained using proportionate stratified sampling and Yamane's formula with a 5% margin of error. Descriptive and Inferential statistics (correlation and multiple regression) were used for analysis.
Findings: The findings revealed that public-private partnerships, debt financing, national budget, and transit tolls had positive and significant effects on road infrastructure implementation in Nairobi City County. The results further demonstrated that combining these financing models facilitated risk sharing between public and private sectors, thereby reducing strain on public finances and improving overall project execution efficiency.
Conclusion: The study concludes that a well-structured combination of public-private partnerships, debt financing, national budget allocations, and transit tolls significantly enhances road infrastructure project implementation by the Ministry of Roads and Transport in Nairobi City County, Kenya.
Recommendations: The study recommends that the Ministry of Roads and Transport should promote stronger collaborations between public and private sectors to optimize resource allocation and attract increased private investments toward road infrastructure development. Furthermore, the Ministry should adopt more sophisticated digital tools to monitor and manage project documents, ensuring transparency, accountability, and efficiency throughout the entire road infrastructure project implementation lifecycle.
Keywords: Financing strategies, implementation, road infrastructure projects, ministry of roads and transport, Nairobi City County, Kenya
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