Cost comparison SGR Kenya vs SGR Tanzania

😂 😂 😂
 
Hapa yani umelonga kisengerenyuma[emoji23][emoji23]
 
Mwaka wa kwanza wa kuanza kubeba mizigo -2018 tulibeba only 2.89 Million tonnes
Mwaka wa pili - 2019 tukaongeza mizigo kwa SGR tukafanyikiwa kubeba 3.5 Million tones






Mwaka wa tatu - 2020 tukapakia mizigo 4.4 Million tones









In Summary for the years 2018,2019,2020 we did freight of 2.89m then 3.5m then 4.4m So by that logic, tutarajie 5.5m by the end of 2021 since ni kama tunaongeza 1m each year. you can already see, freight for Jan and Feb 2021 was 449,731 and 456,136 tones, if we averaged that to 450,000 tones per month in one year we are looking at 450,000 * 12 = 5.4 Million tones





Wale wailiokua wanasema hii project ni white elephant iko siku watakuja kutubu dhambi zao ! mi nangojea kama mwaka wa 2025 hivi wakati tumefikisha 10 Million tones, hapo ndo ntaanza kutukana watu, kwasasa nawachia hapo pa kutoa update tu........
Nakumuka David Ndi aliwahi kusema the SGR can only do 8.75 Million tonnes p.a at best 😇😇😇 Huyuuongo wake hautamfikisha mbali 2023 tutakua tumemnasa.
 
David ndii is a fool
 



ECONOMY​

Payments for SGR loans to more than double to Sh97bn​

FRIDAY MAY 07 2021

Standard Gauge Railway trains at the Port of Mombasa. FILE PHOTO | NMG




By CONSTANT MUNDA
More by this Author

​

SUMMARY​

  • Kenya’s repayments towards Standard Gauge Railway (SGR) line-related loans will more than double in the financial year starting July on the back of increased payment of principal sums to Chinese lender for the mega infrastructure project.
  • The Treasury projects debt repayments to Exim Bank of China will shoot to Sh96.70 billion in the next financial year, a 126.61 per cent surge from revised Sh42.67 billion budgeted for this year.

Kenya’s repayments towards Standard Gauge Railway (SGR) line-related loans will more than double in the financial year starting July on the back of increased payment of principal sums to Chinese lender for the mega infrastructure project.

The Treasury projects debt repayments to Exim Bank of China will shoot to Sh96.70 billion in the next financial year, a 126.61 per cent surge from revised Sh42.67 billion budgeted for this year.

The jump in debt obligations to the lender is partly due to Sh30.48 billion downward revision in the initial budget that had been approved in June 2020.

Kenya obtained debt relief from a number of bilateral lenders, including China, to cushion against revenue shocks emanating from Covid-19 knocks.

Redemptions to the Chinese lender will climb to Sh73.42 billion from Sh21.23 billion this year, while interest obligations will rise a modest 8.55 per cent to Sh23.28 billion from Sh21.44 billion, Treasury data tabled in the National Assembly show.

The deal by Exim Bank of China to fund 90 per cent of the $3.6 billion (about Sh385 billion under prevailing exchange rate), 485-kilometre Mombasa-Nairobi SGR line saw Beijing overtake Tokyo as Kenya's largest bilateral lender.

This followed an agreement signed with Beijing in May 2014 to borrow $3.233 billion (Sh324.01 billion) from the state-run bank, comprising $1.633 billion commercial loan and $1.6 billion concessional credit to build the first phase of the modern railway.

The cash, which was disbursed in phases, has an interest of 3.6 percentage points above the six-month average of London Inter-Bank Offered Rate (Libor) which serves as an international benchmark.

The loan for the first phase is to be repaid in repaid in 15 years with a grace period of five years.

Kenya later tapped $1.482 billion (Sh158.54 billion) debt in December 2015 to link the SGR line from Nairobi to Suswa near Naivasha.

debt obligations

The loan for the second phase of the SGR line — whose five-year grace period lapsed last December paving way for onset of payment of principal sums from January 2021 — will be cleared in 30 semi-annual payments in the next 14 years.

Repayments to the China’s Exim Bank will account for 24.15 per cent of the Sh400.46 billion external debt obligations for the next financial year ending June 2022.

President Kenyatta’s administration has largely contracted concessional and semi-concessional loans from China since 2014 largely to build SGR, roads and bridges.

China’s influence on the country’s infrastructure development started in earnest with construction of the Thika Superhighway between January 2009 and November 2012 at a cost of nearly Sh32 billion during President Mwai Kibaki's last term in office.


Payments for SGR loans to more than double to Sh97bn

China’s Exim Bank will account for 24.15 per cent of the Sh400.46 billion external debt obligations.
www.businessdailyafrica.com
 
Repayments to the China’s Exim Bank will account for 24.15 per cent of the Sh400.46 billion external debt obligations for the next financial year ending June 2022.
 
Geza Ulole said:
hebu fafanua kidogo Museveni kasema charges za crude alog EACOP Tanzania itatoza €12.77 per barrell, hiyo $30 umepata wap? Ni vizuri ukieleza maana mie nafuatilia kiundani kwelikweli!
Click to expand...
Barrels ngapi zitapita kwa wastani kwa siku?
 
BTW, We are still on course to meet the 2025 target of 10million tones p.a projected in the ESIA SGR report



From the Bar-Graph you can see that they started counting from 2025, and they projected that by 2025 we would be doing 10m tones p.a. So we are very much on schedule to meet that projection if things stay as they are!!!!
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…