Nipate
Forum => Kenya Discussion => Topic started by: RVtitem on August 26, 2017, 06:26:30 PM
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Kenya’s standard gauge railway project to cost Sh1.02 trillion
Posted on May 23, 2017 by Miriam Nkirote
A Kenyan and Chinese workers at the Mombasa Terminus on March 27, 2017. PHOTO/FILE
Construction of a 969-kilometre standard gauge railway from Mombasa to Malaba is expected to cost Sh1.023 trillion, even as Kenya grapples with how to pay for what is billed as one of the largest transport infrastructure projects in the region.
The first phase of the project, which spans 472km from Mombasa to Nairobi, has consumed a total of Sh327 billion; while phase 2A – from Nairobi to Naivasha (120km) is being funded to the tune of Sh150 billion.
On the other hand, phase 2B of the new railway – from Naivasha to Kisumu (270km) is set to cost Sh370 billion; while phase 2C, a 107km extension from Kisumu to Malaba, is expected to consume Sh131 billion.
http://www.constructionkenya.com/2971/mombasa-malaba-sgr-project/
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Check the loan terms. Long term. Won't start paying most of in the first 10yrs and will be repaid in 20 plus years - so we are talking 2040s - and this SGR will function maybe another 200yrs. Solid sound investment.