What kind of deal did Kenya and China get into to have the SGR project?

SGR staff prepare to board a train for the commissioning Naivasha dry land port,on 3rd June 2020. [Edward Kiplimo,Standard]

At the close of the last financial year, Kenya was rumoured to have defaulted on a scheduled payment for an assortment of Chinese financiers behind the Standard Gauge Railway, a claim vehemently denied by former Treasury boss Ukur Yatani.

The denial aside, the consequences of default, like any other high-interest loan, posed a potential danger to the county's economic well-being hence the alarm these reports caused.