ALSO READ: Man behind SGR ‘sold the idea to Jubilee after ditching Raila’“The new emphasis...is that now we can go to Mombasa in four hours. It is as if that was the principal reason we spent a horrendous amount of money on the railway. At least $1.6 billion (Sh164.8 billion) was a concessional loan to be repaid within 20 years, after a seven-year grace period. Kenya has been paying Sh1.6 billion ($16 million) every six months in interest since 2014 when the money was released. The second loan is a commercial loan worth $1.63 billion (Sh167.9 billion).

Source: Standard Digital June 10, 2017 19:30 UTC