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{
    "id": 303877,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/303877/?format=api",
    "text_counter": 439,
    "type": "speech",
    "speaker_name": "Mr. Obure",
    "speaker_title": "The Minister for Public Works",
    "speaker": {
        "id": 118,
        "legal_name": "Christopher Mogere Obure",
        "slug": "christopher-obure"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, once enacted into law, this Bill will bring us much closer to achieving our Vision 2030. It is a very fundamental Bill. We all acknowledge the fact that we have many requirements in this country. We all look forward to raising finances locally, and particularly through taxation. Finances raised through taxes and so on are hardly enough to meet our requirements. Therefore, this is the way forward which we have desired for a long time. Trying to attract private investors to assist us to engage in investment in physical infrastructure such as roads, airports, railways, ports as well as investment in energy, health, education, industry, and so on, is the way other countries have gone. A notable example in this respect is India, which has been able to make tremendous development strides using public private partnerships. The most important thing that we need to put in place is a simple, clear and well understood legal framework to be able to attract the capital that we need so badly in this country. What I see here today meets that criterion in my opinion. It is a very modern and comprehensive piece of legislation once adopted, and I think it will help us to achieve our objectives in terms of economic development. Mr. Temporary Deputy Speaker, Sir, illustrations have been given about Kenya Railways, which have instilled a lot of fear in us. But I would like to say that if we had this law in place, we would not have made the kind of mistakes we made in the case of Kenya Railways. So, this law will protect both the investors and the taxpayers overall and, therefore, I am very happy today because I think we are moving in the right direction. If you look at the various sections of the law, even the fears hon. Mungatana"
}