Entry Instance

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{
    "id": 73211,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/73211/?format=api",
    "text_counter": 211,
    "type": "speech",
    "speaker_name": "Dr. Otuoma",
    "speaker_title": "The Minister for Youth Affairs and Sports",
    "speaker": {
        "id": 132,
        "legal_name": "Paul Nyongesa Otuoma",
        "slug": "paul-otuoma"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (b) The construction equipment from the Government of the People’s Republic of China to the Government of Kenya through the National Youth Service (NYS) was a concessional loan and the terms of the loan are as follows. The project amount is Kshs4.24 billion as per the time of signing the agreement, the interest rate is 2 per cent per annum, the rate applicable to management fee is at 1 per cent, rate applicable to commitment fee is at 0.75 per cent, maturity period for the facility is 240 months, grace period is 84 months and the repayment period is 156 months. Proceedings from the facility will be used exclusively for the project and a minimum of 50 per cent of the goods, technologies and services will be purchased using the proceedings from the facility. (b) The construction equipment was put to use soon after the official commissioning in January, 2010 by His Excellency, the President. Most of the construction equipment is engaged on the ongoing Hola-Garsen Road project and the Economic Stimulus Programmes (ESP) sponsored maize production projects in Bura and Hola. The remaining equipment is engaged in NYS projects while a few are on hire by private organizations and individuals."
}