The push and pull regarding the Standard Guage Railway (SGR) contract might have come to an end following the release of the official document by a local TV channel.
Despite the government keeping the contract as a deep secret, the signees of the infamous contract that contains unfair clauses have been exposed.
Read: CS Yatani Faults Reports That Kenya Has Defaulted On SGR Loan
The deal, which puts the Kenyan Ports Authority and its assets as collateral, was signed by the following individuals;
Henry Rotich
Henry Rotich was the Cabinet Secretary for Treasury by the signing of the deal in 2014, who signed on behalf of the Kenyan government.
Wang Zhijiz
Wang signed the contract on behalf of the lender, the Export-Import Bank of China (Exim Bank). The lender funded the construction through China Road and Bridge Corporation, a subsidiary of China Communications Construction Company that constructed the railway and run it for the first five years.
Atanas Maina
Another signee is Atanas Maina, former Kenya Railways Corporation managing director on behalf of the corporation.
Gichiri Ndua
Gichiri Ndua is the former Kenya Ports Authority managing director who put pen to paper dedicating the Authority as collateral for the loan.
Email your news TIPS to editor@thesharpdaily.com
