Sunday, November 6, 2022

Text of China's Loan to Kenya for Standard Gauge Railway

The Wall Street Journal recently published a six-minute video titled "Kenya's Chinese-Built Railway Shows Why Belt and Road Is Being Reworked" by George Downs. The $3.6 Billion railway that was built with Chinese loans has struggled to be profitable.  It is an example why China is reevaluating its Belt and Road Initiative.

The government of Kenya has just released the text of the controversial 11 May 2014 "Preferential Buyer Credit Loan Agreement on Kenya Mombasa-Nairobi Standard Gauge Railway Project" between the government of Kenya and the Export-Import Bank of China.

The Star published on 6 November 2022 an article titled "I Have Exclusively Obtained SGR Contract, Says Murkomen" by Felix Kipkemoi.

Kenya's Roads, Transport, and Public Works Cabinet Secretary released the loan agreement to the public.  He said he would also track down and release the even more controversial contract for the standard gauge railway.