Kenyans Struggling With Debts, CS Rotich Speaks Of Handing Over JKIA To China

  07 Mar 2018

Struggling to pay its Eurobond debt, the Government has endorsed a plan by the cabinet secretary for Finance Hon.Henry Rotich to formally hand over the Jomo Kenyatta Airport to Chinese firms.

According to Rotich, there are several Chineses firms that have agreed to take over the airport and help Kenya pay her 278 billion Eurobond loan that was borrowed in 2014.

However, the CS added that the Government had borrowed another Kshs. 200 billion to help the Government complete its National projects.

Speaking during an interview with reporters on Tuesday, Rotich said that the Chinese firms will take the airport on a 20-year lease.

“Kenyans should not worry about the money that the Government borrowed to complete its projects. The Government has supported my idea to lease our main airport to Chinese firms that are willing to pay the two loans on behalf of our Government. We can do that for 20 years. ” said Rotich

According to the CS, A bill will be tabled in the parliament by the leader of Majority Aden Duale to have the airport handed over to the Chinese firms. He said that Jubilee members of parliament are instructed to vote in favor of the bill.

“We have instructed our MPs to approve the bill once Hon. Duale tables it before the assembly.” Rotich added.

SIMILAR PLAN IN SRI LANKA

Sri Lanka formally handed over the strategic port of Hambantota to China on a 99-year lease last week, in a deal that government critics have said threatens the country’s sovereignty.

In recent years, China has shored up its presence in the Indian Ocean, investing billions of dollars to build port facilities and plan maritime trade routes as part of its “One Belt, One Road” initiative to help increase its market reach.

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