President Kenyatta departs JIKA for the summit on Friday/PSCU
One of the mega projects is the Standard Gauge Railway which is 75 percent complete between Mombasa to Nairobi and is set to be finalised by June 2017.
A commercial contract and financing agreement for the Nairobi-Naivasha SGR Section has already been signed and construction is expected to begin in September this year.
“A commercial contract with China Communication Construction Company for the Naivasha-Kisumu, Kisumu-Malaba and Modern Port at Kisumu has been signed and National Treasury is sourcing for funding for these sections,” a statement on the summit highlights indicated.
The summit is also expected to focus on the controversial crude oil pipeline, where Kenya and Uganda are yet to strike consensus on the routing.
“Meetings of Kenya, Uganda and Tanzania are scheduled to be held in Kampala this week to try and finalise this matter,” the statement said.
A trilateral meeting of ministers and cabinet secretaries from Kenya, Uganda and Tanzania took place from 11th to 13th April, 2016 in Kampala and resolved to escalate the matter to the Heads of State for guidance.
Kenya has been in a tricky situation after Uganda showed interest in having a deal with Tanzania.
But regarding the development of the oil refinery in Uganda, partner states that have not confirmed their shareholding in the oil refinery project have been requested to expedite their confirmation.
Further, Kenya has been requested to confirm the entity that will hold its confirmed 2.5 percent shareholding in the project.
Meanwhile to facilitate ease of doing business in the region, partner states are urged to fast track the amendments and harmonization of the Companies Acts and insolvency Laws.
This should take into account the need to provide equal national treatment for registration application from the member states.
