The Effects of Financing on Completion of Government Road Projects: A Case of Kenya National Highway Authority

Abstract

Maintaining steady completion of road construction projects in the government of Kenya has been an issue of concern to the government, stakeholders, and contractors. Therefore, there have been numerous cases of delays and non-completion of projects which have contributed to irreparable loss to the government and the economy as a whole. Studies done on road construction tend to concentrate on the success of the projects, to add more knowledge, this study sought to address the problem of completion of government road construction projects. This study sought to fill this gap by analyzing the effects of financing on the completion of government road construction projects in Kenya with special reference to the Kenya National Highway Authority. This research adopted a descriptive approach and the target population was composed of 240 management staff of the Kenya National Highway Authority. The researcher used a stratified random sampling procedure to select a sample size of 72 respondents. Quantitative data was collected using questionnaires and analyzed by the use of descriptive statistics and regression analysis. Findings revealed that financing had a positive and significant effect on the completion of government road projects. The project’s budget is crucial and it has an influence in all areas of both project planning as well as implementation. It is crucial to keep track of expenses for various work packages and total costs in a project. The road project financier should produce a clear schedule of funds on all project cycles and have devoted qualified staff members who are capable of creating scenarios of effective timeliness and implementation. This makes timely funding and project planning easier to manage, and it can be useful for projects similar to the current project.