Chinese SGR operator faces 50 percent pay cut

A general view shows a train on the Standard Gauge Railway (SGR) line constructed by the China Road and Bridge Corporation (CRBC) and financed by Chinese government in Kimuka, Kenya October 16, 2019. REUTERS/Thomas Mukoya - RC1F10549A30
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Business Daily | by Edwin Mutai

Parliament wants the standard gauge railway (SGR) operating costs cut by half and the terms of the loan taken to finance its construction renegotiated to ease pressure on taxpayers.

The Transport committee of the National Assembly said the current huge operating losses on the SGR, coupled with the Chinese debt repayment obligations, warranted an urgent review to protect taxpayers already strained by the economic fallout due to the Covid-19 pandemic…

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[Image source: REUTERS/Thomas Mukoya]

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