Sessional paper No 01 of 2008 on Government of Kenya Guarantee of ¥ 26.7 Billion Equivalent to Kshs 16.18 Billion Loan From Japan Bank for International Cooperation to The Kenya Ports Authority for The Mombasa Port Development Project

Abstract

The Sessional paper is on the Government Guarantee of a loan from Japan Bank for international cooperation to the Kenya Ports Authority for the Mombasa port development project. The project aims. at enhancing Mombasa Port's container. handling capacity to enable accommodation of the projected container traffic growth from the current 0.6 million to 2 million containers by 2025. consistent with Kenya Vision 2030. The expansion entails establishment of three new deep water berths to allow much bigger ships (Panamax size) to dock at the Port of Mombasa. The loan bears an interest rate of 0.2% per annum, carries a 10 year moratorium and has a repayment period of thirty (30) years...