Vision 2030 reaps from China state visit
The state visit to China by President Uhuru Kenyatta has effectively helped to unlock billions of dollars to help finance several Vision 2030 Flagship projects, the Vision 2030 Delivery Secretariat (VDS) Director General, Mugo Kibati, has confirmed.
The funding commitments extended by the Chinese government and related development agencies, Kibati explained have provided a new lease of life for Vision 2030 Flagship projects that have been lagging behind in their development schedule due to lack of crucial funding.
The new funding and technical support agreements, he pointed out have also opened a window for the attainment of key Vision 2030 goals on schedule.
Speaking from Beijing, China, Kibati noted that the bilateral signing of funding agreements amounting to about US$5billion yesterday was a culmination of a more than six-month government-to-government negotiation process between local and Chinese technocrats in various developmental sectors under the guidance of President Uhuru Kenyatta.
With the signing of the agreements, Kibati disclosed that the Vision Delivery Secretariat’s efforts to ensure a timely implementation of critical flagship projects has now received a major boost to facilitate the jump starting of yet to commence or behind schedule projects.
“The Vision Delivery Secretariat, notes with pride that the signing of these funding agreements will provide a new lease of life to some flagship projects including the new Mombasa-Nairobi-Malaba Standard Gauge rail project,” Kibati said.
Alongside the Standard Gauge Rail (SGR) project now covered under the US$4Billion economic partnerships agreement, the energy generation and transmission sector will also enjoy a US$ 1 Billion funding line.
The proposed Mombasa-Nairobi-Malaba Standard Gauge Railway line is one of the key flagship projects under the Vision 2030 national development strategy and is categorised under the auxiliary Enablers and Macro pillar.
Alongside the Social, Economic and Political pillars, the Enablers and Macro Pillar, covers those projects, interventions and initiatives whose impact ultimately cuts across all the other three pillars.