Kenya Railways Managing Director Atanas Maina says local content has been key locals expected to reap more form the railway/FILE
Kenya Railways Managing Director Atanas Maina says local content has been key as locals expected to reap more form the railway.
He says more than 100 companies are supplying to the contractors while over 30,000 have been employed.
The first phase of the project which is the construction of the Mombasa to Nairobi railway is 60 percent complete and is expected to be completed in June 2017.
Already Kenya Railways has secured about 90 percent of land at a cost of Sh12 billion.
“President Uhuru Kenyatta has already secured Sh1.48bn for the financing of the second phase, Nairobi to Naivasha from the Chinese government while the LAPSSET Corridor Railway is on study stage,” Maina added.
Total cost of the First Phase is Sh327bn of this Sh294.3billion which is 90 percent of the project was financed by EXIM Bank of China while the Government of Kenya contributes Sh32.7billion.
