DP Gachagua Reveals Ruto Declined to Reveal China Loan Over Media Fears


Deputy President Rigathi Gachagua on Sunday revealed that President William Ruto had decided to keep secret the amount of financing the country got from China. 

In October, Ruto travelled to China seeking a $1 billion (Ksh151 billion) loan to complete stalled road construction projects 

The DP while attending church service at St. Anthony of Padua Catholic Church, Dallas, Embu County remarked that the Head of State feared the media blowing it out of proportion. 

“Ring Road (in Embu County) that had stalled and all other stalled roads will be completed. The President was recently out of the country and we received funding,” Gachagua remarked. 

President William Ruto attends the Investors’ Roundtable in Beijing, China, on Tuesday, October 17, 2023.

PCS

“We do not want to say how much because the media is always following us and when we say something, they expose us making donors withdraw support.”

Gachagua stated that while the amount remained secret, it was enough to finish stalled projects across the country. 

The DP added that contractors would soon resume work on the infrastructure projects to make sure they were finished on time. 

Before the current unspecified loan, China accounted for 64 per cent of Kenya’s Ksh10.5 trillion debt. 

The amount was largely borrowed during former President Uhuru Kenyatta’s tenure to finance different infrastructure projects including the Ksh324 billion Standard Gauge Railway (SGR). 

President William Ruto after assuming power in September 2022 noted that his administration would not take on new road projects before finishing existing ones.

“I want to say that no new roads will be built by the national government until all the incomplete roads are completely upgraded,” he stated then.

Embu County was one of the most affected regions as its main road leading to Embu University was only 2.9 per cent done before stalling. 

In total, Uhuru left 59 incomplete main roads according to Kenya Urban Roads Authority (KURA). 

President William Ruto during the commissioning of Senta – Nyamtiro – Isebania road (Phase I) in Kuria East on Saturday, March 25, 2023.

Facebook

William Ruto





Source link