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"id": 130433,
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"type": "speech",
"speaker_name": "Mr. Kinyanjui",
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"id": 48,
"legal_name": "Lee Maiyani Kinyanjui",
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"content": "Mr. Speaker, Sir, about 70 per cent of the funds for doing this bypass is coming from the Chinese Government. One of the conditions set out is that the company that would undertake this particular project would be a Chinese company. In this case, the Chinese company, in consultation with the Government of Kenya, arrived at the China Roads and Bridges Construction Company. This was one of the key conditions given by the financier that the China Roads and Bridges Construction Company should be contracted for the loan to be given to Kenya. It is given at very extraordinary terms, for example, there is a grace period. We are talking about 2 per cent interest. It is really a concessional loan to the Government of Kenya."
}