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{
    "id": 1197704,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1197704/?format=api",
    "text_counter": 246,
    "type": "speech",
    "speaker_name": "Sen. Osotsi",
    "speaker_title": "",
    "speaker": {
        "id": 13588,
        "legal_name": "Osotsi Godfrey Otieno",
        "slug": "osotsi-godfrey-otieno"
    },
    "content": "Mr. Deputy Speaker, Sir, I rise pursuant to Standing Order No.53(1) to seek a Statement from the Standing Committee on Finance and Budget. It is about the default by the Government of Kenya (GoK) on the Kshs1.312 billion Standard Gauge Railway (SGR) loan from the Export Import Bank of China and other lenders; and the consequent fine as captured in the in the financial statement for the year ended June, 2022. In the Statement, the Committee should- (1) Shed light on the fine of Kshs1.312 billion by the Export Import Bank of China and other lenders, on the GoK, on the Government of Kenya in the financial statement for the year ended June 2022, for defaulting on the SGR loan. (2) State revenues generated by the SGR project and remitted in the last three years. (3) Table an audit of the loan repayments made by the Ministry of National Treasury and Economic Planning on behalf of the GoK to the Chinese lenders, on account of the SGR loan from when the loan became due. (4) State targeted interventions taken by the Government to prevent the looming repossession of Kenya’s collateral assets by the Chinese lenders due to loan defaults. (5) Investigate loan agreements, project repayment and project adjustments of SGR from inception, stating any defaults accrued to date."
}