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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Kenya’s ailing Standard Gauge Railway (SGR) announced plans to resume passenger service between Nairobi and Mombasa now that President Uhuru Kenyatta lifted the partial lockdown in the capitol. During the lockdown, ...