Kenyan lawmakers are hoping China will consider a debt repayment extension to service the remaining $3.3 billion that was borrowed to build the Standard Gauge Railway. Simon Mania/AFP
Kenya Railways is falling behind in its debt service payments for one of the country’s new Chinese-built and financed Standard Gauge Railway lines, according to a new budget report submitted to the Kenyan parliament on Wednesday.
In its fiscal year 2020-2021 budget report, the National Assembly’s Budget and Appropriations Committee warned that Kenya Railways has failed to pay $357 million to Africa Star Railway Operation Company Ltd, the Chinese company that operates the Madaraka Express passenger and cargo line.
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