Chinese bank cuts Sh32bn SGR funds

An SGR line being built: There are fears the second phase of the project will delay due to funding. PHOTO | FILE | NMG

The financier of the standard gauge railway (SGR), China Exim Bank, has cut funding to ongoing work on the second phase of the railroad by a whopping Sh32 billion, citing the barrage of court cases against the project.

Supplementary budget documents tabled in Parliament last week show that allocations to the SGR project dropped by Sh42 billion, including the Sh32 billion held back by the lender.

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