Taxpayers to foot SGR bill following President Ruto's port order
A passenger train travels along the standard gauge railway line at Miritini Station in Mombasa on October 14, 2021. Taxpayers could also incur losses worth hundreds of millions of shillings on investments that had been made along the SGR line.
The order is set to shake up the revenue performance of the standard gauge railway (SGR), shifting the cost of financing the Chinese loan used to build the line to the taxpayer.
While Dr Ruto indicated that reverting the operations would restore thousands of jobs that were lost in Mombasa, the overall implication will be on taxpayers.
A congested Mombasa port would mean revenue losses as traders turned to rival ports.
An order issued by President William Ruto reverting cargo clearing services to the Mombasa port is set to shake up the revenue performance of the standard gauge railway (SGR), shifting the cost of financing the Chinese loan used to build the line to the taxpayer.
While Dr Ruto indicated that reverting the operations would restore thousands of jobs that were lost in Mombasa, the overall implication will be on taxpayers.
