Chinese Government provides RMB 50 million interest-free loan for Kipsigak-Serem-Shamakhokho Road Project (Linked to Project ID#58026 and #108)

On July 16, 2001, the Chinese Government issued an RMB 50 million interest-free loan — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Kenya for the Kipsigak-Serem-Shamakhokho Road Project. The borrowing terms of the loan were as follows: a 19.25 year maturity, a 10 year grace period, and a 0% interest rate. The loan’s final maturity date was September 1, 2020. The borrower did not make any repayments between July 1, 2018 and June 30, 2022. The loan’s amount outstanding was RMB 5,000,000 as of June 30, 2020, RMB 5,000,000 as of June 30, 2021, RMB 5,000,000 as of June 30, 2022. The project involved the construction of a 53.2 kilometer, 6-meter wide road that runs through ZakAnsah Province, Western Province and Rift Valley Province. The road begins in Kipsigak (a village near Kapsabet in Kilibwoni division with Nandi County) and proceeds to Serem (a village in Vihiga County) and then onward to Shamakhokho (a village in Vihiga County). Administratively, Kipsigak is a location in Kilibwoni division of Nandi County. The contractors responsible for project design and implementation were China WuYi Co. Ltd. and Henan Provincial Communications Planning, Survey & Design Institute Co. LTD. Project implementation commenced on October 24, 2002. The project was completed before the stipulated end of the contract period -- on November 6, 2006.

Additional details

1. The Chinese Government supported this project with 3 consecutive, RMB 50 million interest-free loans: one in 1999, one in 2001, and one in 2002. This project record refers to the second of the three interest-free loans. 2. The Chinese project title is 基塞沙公路 or 肯尼亚——基塞沙公路. 3. The loan is recorded in the Government Kenya's External Public Debt Register as 'Kipsigak-SeremShamakhokho Road 2 Loan No 9 - 2001007 (and 2001007_1). 4. The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

Number of official sources

6

Number of total sources

7