Effect of Project Financing on the Performance of Road Infrastructure Development Projects in Kenya

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dc.contributor.authorNjoroge, Kirima Nicodemus
dc.contributor.authorMinja, David
dc.contributor.authorMuthinja, Moses
dc.date.accessioned2024-02-13T12:11:18Z
dc.date.available2024-02-13T12:11:18Z
dc.date.issued2024-01
dc.descriptionArticleen_US
dc.description.abstractRoad construction is an important aspect that drives the economy of the country and increases the productivity of the people since it acts as a linkage to various factors of production. However, successful implementation and ultimately performance of these projects requires immense resources that may not be readily available. To overcome the financial and expertise challenges, Governments across the world enter into strategic partnerships with the private sector to help put up such infrastructure. Unlike governments, private sector is out to maximize profits hence the need to charge some fees to enable them recoup their investment. This study therefore set to determine the impact of project financing on the performance of road infrastructure development projects in Kenya. The study was anchored on resource based view theory. The study applied a mixed method approach to collect data from the target population of 199 spread out among 15 road infrastructure development projects in the country. The study utilized both primary and secondary data sources and adopted a combination of descriptive survey research design and explanatory design. For primary data collection, both closed and open-ended questionnaire were used. The questionnaire’s reliability was tested through the use of the Cronbach’s alpha reliability coefficient. The study also made use of a structured interview process to get more insights on the research questions. The study mainly made use of descriptive statistics to summarize data and inferential statistics and specifically the Multi linear regression were used to test hypothesis. The analysis made use of statistical packages to analyse data and these were presented in the form of tables and figures. The study found that project financing had a positive and significant influence on the performance of road projects in Kenya. The study concluded that project financing increases the amount of financing available and lower the overall risk to acceptable levels for major project stakeholders. The study recommended that it is important to identify the problem to be dealt with concerning the project, the stakeholder to be involved, outline the project goals that are to be achieved and all the relevant project tasks crucial in achieving the results of the project. The study recommended that the organization should identify the right sources of project finance.en_US
dc.identifier.citationKIRIMA, N. N., MINJA, D., & MUTHINJA, M. (2024). Effect of project financing on the performance of road infrastructure development projects in Kenya. Reviewed Journal of Social Science & Humanities, 5(1), 80-92.en_US
dc.identifier.urihttps://mail.reviewedjournals.com/index.php/RJSSH/article/view/165
dc.identifier.urihttps://ir-library.ku.ac.ke/handle/123456789/27635
dc.language.isoenen_US
dc.publisherRJSSHen_US
dc.subjectFinancingen_US
dc.subjectRoad Constructionen_US
dc.subjectInfrastructure Developmenten_US
dc.titleEffect of Project Financing on the Performance of Road Infrastructure Development Projects in Kenyaen_US
dc.typeArticleen_US
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