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THE STANDARD
BUSINESS NEWS
NAIROBI, KENYA: Kenya is not at risk of losing Mombasa Port any soon over debt, Treasury Cabinet Secretary Ukur Yattani said on Monday.
He was reacting to an article in the local daily which reported that China could seize Mombasa port over Sh364 billion Standard Gauge Railway (SGR) loan.
In reference to a report tabled in parliament by the Auditor General, the writer wrote that the assets of the Kenya Ports Authority (KPA) were used as collateral for the multi-billion loan.
While refuting the claims on Monday, CS Ukur Yattani said there is no risk of China or any other country taking over the port of Mombasa.
THE STANDARD By
Sara Okuoro |
March 4th 2021 at 09:48:23 GMT +0300
A section of Standard Gauge Railway (SGR) train at Syokimau in Nairobi. [David Njaaga, Standard]
Kenya Railways Corporation (KRC) has begun the process of taking over the operations of Standard Gauge Railway (SGR) from the Chinese operator- Afristar.
The corporation has already assumed ticketing, security and fuelling functions of the Standard Gauge Railways (SGR) and expects to complete the takeover by May next year, Kenya Railways Chairman Omudho Awitta said on Thursday.
“We have negotiated with the contractor so that we take over the running of the standard gauge railway. The first phase has started, we have taken over the security, ticketing and fueling of the trains. These phases will go on smoothly up to May 2022 when we take overall operations,” said Awitta.
THE STANDARD By
Sara Okuoro |
March 4th 2021 at 09:48:23 GMT +0300
A section of Standard Gauge Railway (SGR) train at Syokimau in Nairobi. [David Njaaga, Standard]
Kenya Railways Corporation (KRC) has begun the process of taking over the operations of Standard Gauge Railway (SGR) from the Chinese operator- Afristar.
The corporation has already assumed ticketing, security and fuelling functions of the Standard Gauge Railways (SGR) and expects to complete the takeover by May next year, Kenya Railways Chairman Omudho Awitta said on Thursday.
“We have negotiated with the contractor so that we take over the running of the standard gauge railway. The first phase has started, we have taken over the security, ticketing and fueling of the trains. These phases will go on smoothly up to May 2022 when we take overall operations,” said Awitta.
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