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{
    "id": 1003180,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003180/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "For major highways where people can pay some little money like for that kind of road use, we need to have legal framework. The tolling aspect of the PPP in the construction and management of roads and the creation of the fund is an aspect that is contained in this Bill. There is also the flyover from Jomo Kenyatta International Airport all the way to Westlands that will be passing next to Parliament. I am sure it will help a lot of us escape from the traffic jam. All those public-private investments in the road network and tolling require a legal framework. I ask Members to pass the Bill so that, that fund is established and managed by the Cabinet Secretary of the National Treasury and the CS for Transport, Infrastructure, Housing, Urban Development and Public Works. The Bill has gone through public participation in both the Departmental Committees on Finance and National Planning and Transport, Public Works and Housing. I remain with just two points. The Bill proposes to amend the Retirement Benefits and Capital Markets Authority Acts to enhance regulation of pension schemes and capital markets. There were two areas. One was on the pensioners. The Committee has agreed with the National Treasury that they will step aside on that one. There are a number of other areas that the National Treasury and the Committee have agreed on in terms of whether it is the right time. Yes, it is not the right time. What do we do? We extend the effective date in the Finance Bill. You can say that the effective date will be 1st July 2021. I am sure all that will come when we reach the Committee of the whole House stage. The Bill proposes certain amendments to the Retirement Benefits and the Capital Markets Authority Acts in order to enhance the regulation of pension schemes and capital markets in our country. As I second, allow me to thank the Committee for their commitment in support of this. The Departmental Committee on Finance and National Planning is just like the Budget and Appropriations Committee."
}