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{
    "id": 91916,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/91916/?format=api",
    "text_counter": 286,
    "type": "other",
    "speaker_name": "",
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    "content": "Mr. Temporary Deputy Speaker, Sir, the Ministry has also budgeted Kshs200 million towards the Government equity participation in De La Rue. The Ministry has also budgeted Kshs200 million towards the hiring of transaction advisors for the on- going privatization programmes including the National Bank of Kenya (NBK), the Kenya Wines Agencies Ltd. (KWAL), sugar companies and various national hotels. Mr. Temporary Deputy Speaker, Sir, Kshs50 million has been budgeted as capital transfer to the Kenya Investment Authority (KIA) to cater for the regional expansion programme. The Ministry has budgeted Kshs132.5 million to cater for counterpart funding for donor-funded projects. A total of Kshs200.1 million will be used on minor alterations and repairs to office buildings and equipment at the Ministry. The Ministry is holding a total of Kshs6.2 billion in respect of a number of crucial development initiatives to be disbursed to the implementing agencies once the relevant implementation modalities are prepared and agreed on. These are; the Small and Medium Enterprise Support Fund to equip the youth with technical and enterprenual skills for employment and income generation – Kshs3.8 billion, write- offs through the co-operatives of losses incurred by farmers of Kshs200 million, the construction of a commuter railway line in Nairobi at Kshs1.9 billion and a feasibility study of a standard gauge railway line at Kshs300 million. Mr. Temporary Deputy Speaker, Sir, the Ministry has also earmarked Kshs2.8 billion for the second phase of the Economic Stimulus Programme and this will be utilized in expanding irrigation and agricultural activities in areas which were not covered in the first phase of the Economic Stimulus Programme, (ESP) for example, Lake Chala, Yatta, Makueni, Lower Tana and Turkana area. Having outlined the programmes my Ministry will undertake during this financial year, I wish to confirm that the funds requested will indeed be utilized effectively and efficiently. The Ministry will strive to uphold good governance in the delivery of services. With those few remarks, I now seek the approval of this House for my Ministry to spend the sum of Kshs26.3 billion to finance both the Recurrent and Development votes for the financial year 2010/2011. I beg to move and request Maj-Gen. Nkaisserry to second."
}