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{
    "id": 1393813,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1393813/?format=api",
    "text_counter": 243,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "My apologies, Madam Temporary Speaker. The Kenya shilling was battered at around Kshs150 against the dollar. As I speak today, it is Kshs133 against the US Dollar. Sen. Eddy and committee Members have observed in their report that we have a challenge in terms of movement of the currency and it is very important. Madam Temporary Speaker, I am happy with the stakeholders on the maturity of Eurobond and the movement of currency that Sen. Eddy and the rest have observed. It is very important that they have observed that. This report is wonderful. Just as my colleague Senator who just contributed, I am only worried about the many stakeholders who made nice recommendations, including, the ICPAC. I hope they will bring this proposal of sinking fund to ensure that the country sets aside funds in the year leading to debt maturity. Therefore, you also need to consider Public-Private Partnership (PPP) as a form of finance development expenditure. Although this Expressway was through PPP, when it was conceptualized, it was Kshs30 billion. By the time it was complete, it was over Kshs70 billion. However, as we do PPP in terms of development expenditure, we must agree. The people who run this Expressway - yesterday yours truly was transiting thorough the city, and within six minutes from Westlands up to Haile Selassie, I paid Kshs250. Can you believe that no one knows how many vehicles go through this Expressway? How much is paid? Who is the owner of the Moja Expressway or body that collects that money? Therefore, even as we do PPPs, we must be very careful so that we do not auction our country. The contract that was signed is skewed. As we push for PPP, even in development of water, for instance, the one we are doing dams like Mwache, Karimenu 1, I think Karimenu II has not started and many other projects that we are doing under PPPs, we must be very careful, so that we do auction this country. Madam Temporary Speaker, I remember when Kenya Airways (KQ) was to be nationalized, alongside this Expressway, we must be told how much they are collecting, how many vehicles and how much are they collecting against the debt that we borrowed to build this Nairobi Expressway. So that, they do not demand for a pound of flesh as William Shakespeare in the Merchant of Venice."
}