Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 182827,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/182827/?format=api",
    "text_counter": 67,
    "type": "speech",
    "speaker_name": "Mr. Mwau",
    "speaker_title": "The Assistant Minister for Transport",
    "speaker": {
        "id": 105,
        "legal_name": "John Harun Mwau",
        "slug": "harun-mwau"
    },
    "content": " Madam Temporary Deputy Speaker, I beg to reply. (a) The Minister for Finance laid on the Table of the House a Sessional Paper No.1 on 10th June, 2008, for Kenya Government Guarantee of Japanese Yen 26.7 billion, which is equivalent to Kshs16.18 billion, loan from the Japanese Bank for International Co-operation (JBIC) to the Kenya Ports Authority (KPA) for the Mombasa Port Development Project, which was passed by the House last week. The Japanese Government is loaning KPA a total of Japanese Yen 26.7 billion which is equivalent to Kshs16.18 billion as indicated in the Sessional Paper. The terms of repayment of the loan are ten years grace period and 40 years repayment period at 0.2 per cent interest. This is a Special Term of Economic Partnership (STEP) loan which provides that the main contractor and main consultants are sourced competitively amongst Japanese companies, while sub-contractors can be obtained locally in accordance with guidelines of borrowing issued by the Japanese Bank for International Co-operation. (b) The amount budgeted for consultancy is Japanese Yen 2.572 billion which is equivalent to Kshs1.513 billion. The construction component is Japanese Yen 20.058 billion which is 2882 PARLIAMETARY DEBATES October 22, 2008 equivalent to Kshs11.8 billion and the equipment is budgeted at Japanese Yen 2.605 billion which is equivalent to Kshs1.53 billion. (c) It is too early to know the Japanese companies intended to form joint partnership with Kenyan partners for the purpose of offering services as suppliers. This is because the project will first undergo a detailed engineering design which is expected to last ten months following which a tender will be floated for Japanese companies to compete to be the main contractors. The main contractor is expected to have local sub-contractors. Therefore, it is not possible to table the names of any Japanese companies that have formed joint ventures with Kenyan partners for the purpose of offering services as suppliers in the above arrangement. (d) Kenyan companies have been involved in the above venture as local counterparts to the main consultant who carried out the feasibility study and to the consultant who is to carry out the detailed engineering design. The Kenyan company offering counterpart services for both, is BAC Engineering Consultants. Madam Temporary Deputy Speaker, I can confirm to the House that, for all consultancy services, the Japanese Bank for International Co-operation (JBIC) guidelines provide for local counterparts."
}