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The Allegation That The Kenyan Side Used The Mombasa Port As A Collateral In Its Mombasa-Nairobi Railway Payment Agreement With The Chinese Financial Institution Is Not True. China Foreign Ministry Spokesperson Hua Chunying

China Foreign Ministry Spokesperson Hua Chunying's Regular Press Conference on December 24, 2018.

 

Q: The Daily Nation of Kenya recently reported that in a letter to the Kenya Ports Authority (KPA), the Office of the Auditor General of Kenya raised questions over its Mombasa-Nairobi Railway loan payment agreement with the Export-Import Bank of China which uses the Mombasa Port as a collateral, revealing that Kenya could lose the port if it defaults in the payment. In response to this, the Office of the Auditor General clarified the situation and dismissed the report on December 19. KPA Managing Director Daniel Manduku told the media that there is no risk of losing the port. In fact, they will pay this loan ahead of time. What is your comment?

 

A: Regarding the issue you mentioned, we have checked with the relevant Chinese financial institution and found that the allegation that the Kenyan side used the Mombasa Port as a collateral in its Mombasa-Nairobi Railway payment agreement with the Chinese financial institution is not true. The report you just cited said that the Kenyan side also has made clarifications on it.

At present, the China-Kenya cooperation on the Mombasa-Nairobi railway is progressing smoothly. When cooperating with African countries including Kenya, Chinese companies and financial institutions will always conduct joint and thorough scientific study on the feasibility of the projects and then proceed to determine the construction and funding plans and scales to guard against causing debt risks and fiscal burdens for Africa.

 

ph.china-embassy.org/eng/fyrth/t1624697.htm

 

Africa Team

 

 

Tags:The Allegation That The Kenyan Side Used The Mombasa Port As A Collateral In Its Mombasa-Nairobi Railway Payment Agreement With The Chinese Financial Institution Is Not True. China Foreign Ministry Spokesperson Hua Chunying
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