Government to receive money from China for the construction of Standard Gauge Railway
The treasury expects to receive the first tranche of cash from china for the construction of the standard gauge railway this week as the government accelerates implementation of the 327 billion shilling flagship project. The Chinese government had pledged a loan of 213 billion shillings for construction of the railway, with the balance set to be funded by the Kenyan government, through the 1.5 per cent railway development levy on imported goods introduced in June last year. As at the end of September, the treasury had collected sh19.7 billion against a target of 20.2 billion shillings. Construction works for the rail from Mombasa to Nairobi has already begun, with government saying it will generate 30,000 jobs for locals and 5,000 for Chinese expatriates.