Another Loan loading? Waita dismissed Daily Nation claims on Uhuru's travel to France

French President Emanuel Macron is welcomed by President Uhuru Kenyatta at State House on March 13, 2019.
French President Emanuel Macron is welcomed by President Uhuru Kenyatta at State House on March 13, 2019.
 


Could there be another Loan President Uhuru Kenyatta is chasing in France? Kenya has borrowed loans from Spain, UK, Germany, Japan, China, United States and other international finance bodies like IMF, World Bank among others. 


 

This could be a turn for France to owe Kenya something. 


 

The government has disputed claims that President Uhuru Kenyatta will travel to France to sign another loan deal.



Chief of Staff in the Office of The President Nzioka Waita on Tuesday said such stories are 'misleading' and 'full of lies'.



Waita was reacting to a story done by the Daily Nation which said Uhuru will flee the country on Wednesday for the Sh180 billion loan deal.

 


According to the Daily Nation, the money would be used for the dualling of the 190-kilometre Rironi-Nakuru-Mau Summit Road. 



According to sources verified by Daily Nation, the signing of the tolling concession pact with a consortium of French firms under Rift Valley Connect led by Meridiam Infrastructure Africa Fund will unlock the funding of the road, which once complete will be the country’s first toll highway outside Nairobi.



But the Chief of staff dismissed the claims saying, "How does a Public-Private Partnership become a loan? Your story is an outright lie".



He added that the Nakuru-Mau Summit Super Highway will be a toll road given to a concessionaire to finance, build and operate. 



Through the Toll Fund newly established by the National Assembly, the government will guarantee the availability of traffic.



"The combined effect of developing Waiyaki Way from James Gichuru - Rironi and the new toll road from Rironi - Mau Summit will completely transform the economies of counties along the route," he said.



"Later the planned Mau Summit - Malaba expansion will complete the corridor to western Kenya," he added.

 


 

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