Sessional Paper No. 07 of 1970 on Kenya Government Guarantee for a Loan to Nairobi City Council, Nairobi Water Supply Project.

Abstract

In accordance with the provision of the Guarantee (Loans) Act, 1966, CAP.461, the following information is laid before the National Assembly relating to a Guarantee which the Government proposes to give to the International Bank for Reconstruction and Development (I.B.R.D.) in respect of a loan to the Nairobi City Council not exceeding U.S. dollars 8,300,000 (K£ 2,980,000) for the construction of Chania water Project. The giving of this Guarantee will bring the Government's contingent liability under Guarantee given under this Act to a total of K£19,562,255. The Project consists of expansion and improvements of the water supply and distribution system of Nairobi. The project includes…