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Treasury to receive funds for building railway in 2 weeks

Pedestrians walk past the National Treasury building in Nairobi. The Treasury did not reveal the amount of money it expects to receive from China in the first tranche. PHOTO | FILE

The Treasury expects to begin receiving funds from China for the construction of the Standard Gauge Railway (SGR) within two weeks, promising a fresh injection of foreign currency into the economy which could ultimately help shore up the local unit.

Speaking on Friday following the launch of the Capital Markets Authority (CMA) master plan in Nairobi, Treasury Secretary Henry Rotich said that Kenya had met nearly all the requirements for the money to be released.

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