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{
    "id": 717907,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/717907/?format=api",
    "text_counter": 218,
    "type": "speech",
    "speaker_name": "Hon. Okoth",
    "speaker_title": "",
    "speaker": {
        "id": 12482,
        "legal_name": "Kenneth Odhiambo Okoth",
        "slug": "kenneth-odhiambo-okoth"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I rise to support the Public Private Partnerships (Amendment) Bill. It is an important Bill with critical amendments that will help to improve this legislation and framework. We have seen that if we rely on our Government to raise revenue and construct critical infrastructure and other public development projects on its own, it takes a very long time. However, if we are creative and consistent, we can seek competent partners from the private sector who can inject in capital and help us to embrace and do much more in a faster way. Public Private Partnership is important. It is a model that has been used in many countries. In Kenya, we have not quite scratched the surface of fully exploiting it. It will help our county governments. Our county governments are given the permission and authority to go ahead and take on loans and county and municipal bonds for major projects. I have always been very wary about our county governments committing our whole country and the National Treasury to debts, whether it is from the money markets locally or foreign markets. When they enter into well-scrutinised agreements with oversight of the Cabinet Secretary, the Senate and their own county assemblies, with proper feasibility studies and reports for the viability of the projects, we can get good investors to partner with our county governments and bring to fruition The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}