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4 Deals President Uhuru Kenyatta Struck in Trip to China

4 Deals President Uhuru Kenyatta Struck in Trip to ChinaPresidentย Uhuru Kenyattaย attended a high-level business forum in Beijing, China on Tuesday where he witnessed the signing of several public private partnership deals with Chineseย investors.

The agreements were signed at theย Great Hall of the People as Uhuru and Chinese Presidentย Xi Jinpinglooked on.

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Among the deals signed on the sidelines of theย China-Africa Summitย was an MoU between the University of Nairobi,ย Beijing Jiaotong University and Kenya Railways Corporation for the training of Standard Gauge Railway (SGR)ย engineers and managers.

The memorandum was signed by UoNย Vice-Chancellorย Peter Mbithiย and Acting KRC Managing Directorย Philip Mainga.

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Uhuru asserted that human-capacity building was an “important by-product” of the SGR.

President Uhuru Kenyatta at the FOCAC 2018 Summit in Beijing, China

“My government appreciates your government’s commitment to develop jointly with our Railway Training Institute, the appropriate vocational and technical skills to ensure optimal management of the rail network on a sustainable basis,” he stated.

Uhuru and Jinping further witnessed the signing of an economic and investment cooperation agreement in which Kenya is to receive a grant of Sh4.5 billion for theย implementation of projects involving both nations.

Kenya also secured funding for construction of the Western Bypass inย Nairobiย which is expected to play a part in easing the city’s world-famous traffic problems.

The road starts from Ruaka and terminates on the Nakuru highway at Gitaru inย KiambuCounty.

The two nations further signed a cooperation agreement withinย theย Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative framework.

The framework is considered the blueprint for China’s global investments and, according to Jinping,ย aims to foster shared prosperity among nations.

Other projectsย taken up by Chinese firms include a 30 kilometre expressway from the Jomo Kenyatta International Airport (JKIA) to Westlands,ย Modogashe-Habaswein-Samatar and Elwak-Rhamu roads in North Eastern at a cost of Sh15 billion and development of Dongo Kundu Special Economic Zone inย Mombasa.

President Uhuru Kenyatta with his Chinese Counterpart Xinping in Beijing, China on 04/09/2018

kenyans.co.ke

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