THE STANDARD OPINION Joseph Rono-Director for Strategy, Finance and Investments at CPF Financial Services. In its quest to become a newly industrialised middle income earner and eradicate poverty by 2030, Kenya has embarked on massive investment projects. Infrastructure development, one of the foundations under which Vision 2030 is anchored, saw the rollout of gigantic infrastructural projects, key among them the Standard Gauge Railway (SGR), the Lapsset project and expansion of the ports and international airports. All these aimed at opening up Kenya to international markets, positioning itself as a key financial hub in sub-Saharan Africa. Historically, infrastructure development in Kenya has been financed exclusively by the government through the exchequer or blended with funding from development partners. In recent years, the government has also issued infrastructure bonds specifically designated for big projects. Increasing constraints on public finances associated with growing demands for social expenditure have led to the involvement of the private sector in the provision and operation of infrastructure through public-private partnerships (PPPs).