Mwanzi1
JF-Expert Member
- Sep 19, 2016
- 6,000
- 4,589
Haha, no one is arguing with anyone, we're here to discuss, debate, exchange view and fun part "mad slinging"Mwanzi1 i cant even believe you are the one am arguing with over such things. I have known you to be better than this!!
One question i might ask you, are those loans being taken and they are converted to perishable things or fashion???
Something should hit your mind that those loans are being used directly to develop infrastructure that can pay for itself.
As they are paying for themselves, they are enhancing economic activities in other sector. So the benefits are felt across the economic sphere in the country.
The loans will not be payed by the taxes, but from the revenues they generate!
SGR, the revenue from freight, passengers, Leased spaces in the stations etc, A fraction will be used to pay its loan for 10 years. The goodness is no one will feel the effect as revenues will be from the same project.
That is the plan of all the projects in Kenya, no loan has been taken to build a government office of buy state or military equipment, they are all being taken on things that will generate revenue and pay for themselves.
Stop trying to have teaching us, we already know what we are doing
With all that you've said, I let me refer to Mr. Ndii contribution in regurd to African borrowing and repayments. I know this guy is unpopular to certain group of people in Kenya, but he has a point on level of borrowing in Africa and Kenya in particular.
Shopping malls, motorways and the new debt treadmill - New African Magazine
You mentioned the money was not taken to build some fancy projects, but apart from the tracks and rolling stock, what will be the economic impact of the lavishing stations you just build alond the SGR route?? People don't travel like they used to before, where you'll see the whole village comes to the station to wave you goodbye. People travel light these days, so in your view, what will be an economic advantage to have a huge train stations in 2017 keep in mind the current security and power challenges.
Extracted from the article above, it a song you can sing along. [emoji23]
This is why Tanzania has been very cautious when it comes to "out of control borrowing" we try so hard to get the best deal possible.