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{
    "id": 509354,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509354/?format=api",
    "text_counter": 95,
    "type": "speech",
    "speaker_name": "Hon. A. B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Thank you, hon. Speaker. From the outset, I want to thank the Committee on Finance, Planning and Trade and the entire House for a very robust debate on this Motion that is set to increase the debt ceiling. I want to make several fundamental statements very clear to the House and to the country. First, the request to raise the debt ceiling to Kshs2.5 trillion was as a result of an increased requirement for external resources to fund major infrastructure projects in the country. They envisage external borrowing. This is very clear. These are figures. We are not talking hot air. We will help finance the implementation of most of the Medium Term Plan II Infrastructure Projects to the tune of Kshs5.762 trillion in the coming three years. These projects include, for all those who doubt, the Standard Gauge Railway. We know the history of the Standard Gauge Railway. Since 100 years ago, we are still using the same railway. Other projects include the LAPSSET Project; the generation of the 5,000 Megawatts of electricity; the Galana Irrigation Project; the ten kilometre on-going road project and the expansion and modernization of the Kenya Ports Authority."
}