Burden on taxpayers as Treasury starts repayment of SGR loan

SGR cargo train at the Nairobi terminus station in April 2019. PHOTO | JEFF ANGOTE | NMG

Kenya will from Thursday pay billions of shillings to China after a five-year grace period that Beijing had extended to Nairobi for the loans used to build the standard gauge railway (SGR) line ended on Tuesday.

Repayment of the principal loan extended to Kenya for the first phase of the mega railway project kicks off this week, according to an agreement signed with Exim Bank of China on May 11, 2014.

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