Mpendwa1
JF-Expert Member
- Dec 6, 2013
- 568
- 387
This I know doesn't belong here in Phase Two...but wanted to give u guyz a heads up.
Kenya-China to start negotiations on financing final phase of SGR to Kisumu
Read more at: Kenya-China to start negotiations on financing final phase of SGR to Kisumu
Kenya and China are set to start negotiations on the financing of the last phase of the Standard Gauge Railway (Project) that will see the new railway extended to Kisumu. During a Chinese infrastructure summit in China in May this year, which was attended by President Uhuru Kenyatta, China committed to finance the third phase of the SGR project that has been estimated to cost Sh350 billion. The Naivasha-Kisumu leg is expected to increase cost of the whole SGR project to over Sh800 billion. Transport Cabinet Secretary James Macharia told Weekend Business that Kenyan and Chinese officials will start talks on the modalities of financing the last leg of the SGR project. The financing agreement that will be arrived at will include details such as the terms of the loan to be advanced to Kenya and the proportion of the project cost that the Kenyan Government will be expected to foot.....
Kenya-China to start negotiations on financing final phase of SGR to Kisumu
Read more at: Kenya-China to start negotiations on financing final phase of SGR to Kisumu
Kenya and China are set to start negotiations on the financing of the last phase of the Standard Gauge Railway (Project) that will see the new railway extended to Kisumu. During a Chinese infrastructure summit in China in May this year, which was attended by President Uhuru Kenyatta, China committed to finance the third phase of the SGR project that has been estimated to cost Sh350 billion. The Naivasha-Kisumu leg is expected to increase cost of the whole SGR project to over Sh800 billion. Transport Cabinet Secretary James Macharia told Weekend Business that Kenyan and Chinese officials will start talks on the modalities of financing the last leg of the SGR project. The financing agreement that will be arrived at will include details such as the terms of the loan to be advanced to Kenya and the proportion of the project cost that the Kenyan Government will be expected to foot.....