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{
    "id": 632012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632012/?format=api",
    "text_counter": 35,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "THAT, pursuant to the provisions of Article 213 of the Constitution, Sections 50 and 58 of the Public Finance Management Act Cap. 41(2)(c) and Section 4 of the National Government Loans Guarantee Act, 2011, this House notes Sessional Paper No.1 of 2016 on Government Guarantee on Borrowing for the construction of the Second Container Terminal Phase II and approves the Government of Kenya guarantee against a loan of Japenese Yen, ¥32.116 billion equivalent to Kshs27.3 billion at the current exchange rate to be borrowed by the Kenya Ports Authority (KPA) from the Japan International Co-operation Agency (JICA) negotiated at the rate of 0.11 per cent per annum and repayable in 34 years with a six-year moratorium to finance Phase II of the development of the second container terminal at the Port of Mombasa as part of the Mombasa Port Development Project. Thank you."
}