China had good reasons to deny Kenya loan for SGR extension

[John Ashworth]

China had good reasons to deny Kenya loan for SGR extension

In Summary

The exorbitant Phase I price tag is cited as an example of the predatory lending practices used by China to fleece developing countries that lack capacity to negotiate and oversee large infrastructure projects.

The 120km extension to Naivasha comes at a staggering $12.5 million per kilometre while the Kisumu extension would have cost even more — at an unjustifiable $13.6 million!

It is incredible that our government would seek, in good faith, a contract for a project costing three times its value.