The Sh2.5 trillion Lamu Port-Southern Sudan-Ethiopia Transport Corridor is among the biggest casualties in government budget cuts. To mitigate the effects of Covid-19, the state has sought Sh95.3 billion from its departments. The National Treasury has suspended new development at Lapsset to save Sh7.25 billion, according to the Economic Stimulus Package by the state. The latest developments leave the Lapsset project in limbo with its completion timelines likely to drag further. This is mainly on low budgetary allocation and lack of support by partner states of Ethiopia and South Sudan.
Source: The Star May 15, 2020 10:30 UTC