- Published: Tuesday, 16 May 2017 11:40
- Sourced by SolutionsTeam
Kenya is seeking an additional Sh370 billion ($3.59 billion) Chinese loan to extend the standard gauge railway (SGR) from Naivasha to Kisumu, pushing the total cost of President Uhuru Kenyatta's pet project to Sh847 billion. The President today led the Kenyan delegation in making a formal request for additional funds from China Exim Bank. The money will finance the construction of the third phase of the SGR, a 270km-line between Naivasha and Kisumu.
"The funding request will undergo normal procedure of approval and Premier Li (Keqiang) has promised to give it the adequate consideration and urgency it deserves," State House Spokesman Manoah Esipisu told reporters in Beijing, where the President has been attending a trade conference.