Influence Of Financing Options On Performance Of Public Infrastructure Projects In Kwanza Sub-County, Trans Nzoia County, Kenya

Abstract

This study was necessitated by the recorded huge number of stalled projects in the county and the country at large, projects are not being complete in the scheduled time and one of the cited reasons for this was due to finances. The purpose of the study was to determine influence of financing options on performance of infrastructure projects in Kwanza Sub-county, Trans Nzoia County, Kenya. : the objectives of the study were to determine influence of public-private-partnership on performance of infrastructure projects, to assess influence of debt finance on performance of infrastructure projects, to establish influence of donor funding on performance of public infrastructure projects and to establish influence of government direct funding on performance of public infrastructure projects in Kwanza Sub-County, Trans Nzoia, Kenya. The study was guided mainly by the Theory of Performance. The study adopted descriptive survey research design. The target population was county government official involved in project initiation and implementation and project managers involved in project implementation. Out of the targeted population of 400 individuals, Krejcie and Morgan table for computing a sample size of a finite data set was used to arrive at a sample size of 196 respondents. The study used purposive sampling to collect data from senior officials of the county and project heads, simple random sampling was applied to select respondents from the project committee members. The study employed questionnaires and interviews as data collection tools. Reliability of research instrument was determined by collecting ample data that enabled him to draw inferences that are correct, clear and concise. Reliability was gauged using test re-test technique. The influence of data was determined with the use of qualitative and quantitative data analysis methods. Qualitative data was analyzed through content analysis while percentages were used to express quantitative data. The researcher generally found out that public private partnership positively influences performance of infrastructure projects, Debt finance positively influences performance of infrastructure projects, donor funding influences performance of Infrastructure Projects and direct government funding also influences performance of public infrastructure projects. The study concluded that performance of infrastructure projects is generally influenced by financing options. The researcher recommends that the government adopts a mix of financing options to enable it to capitalize on strengths of each in order to achieve expected performance.