Tanzania's first phase of SGR project gets Sh215bn surety cover

[Geza Ulole]

Tanzania's first phase of SGR project gets Sh215bn surety cover

Works, Transport and Communications minister Isack Kamwelwe (nearest to camera) inspects a completed section of the standard gauge railway in Soga, Coast Region. He is flanked by his deputy, Mr Atashasta Nditiye (right), and Tanzania Railways Corporation director general Masanja Kadogosa. The railway construction is in its first phase between Dar es Salaam and Morogoro. PHOTO | COURTESY
In Summary

A New York-based multinational insurance broker, Marsh LLC, announced yesterday that it has provided a $95 million (about Sh215 billion on the prevailing exchange rate) bank surety solution to Yapı Merkezi Construction and Industry Inc. (Yapı Merkezi).

Tanzania's first phase of SGR project gets Sh215bn surety cover

 

[Bantugbro]

Safi sana, this means alot, kwa ufupi ni kwamba SGR sasa ina guarantee kufika MNZ na Yepi wamejisindika kuwa wajenzi mpaka mwisho, sioni tena contractor mwingine wa kuja kuwashinda ktk tender....

 

[PowelTz]

Basically,the bank surety solution means that in case the project developer faces an eventuality that may see implementation being halted the insurance firm will make available funds that would ensure that construction continue uninterrupted.Hii safi,

 

[Geza Ulole]

Mchina wa SGR Kenya sidhani kama ana kitu kama hiki maana ule ni mkopo wa serikali na serikali.

 

[thisdayes]

Ile ya jirani kama ikiwa insured premium itakuwa kubwa sana. Its too risky! Alshabaab, sub standard material (spoku badala ya nondo), poor designed bridges, wild animals, matuta hafifu (ilinyesha mvua kidogo yalisombwa), under qualified staff (Chinies technicians come in as engineers) e.t.c

 

[msabillah]

Mmh hii kali

 

[mwaswast]

Nchi cartoon network from President to vijiweni, hivi mnajua hiyo ni Kshs. 10 billion hata haiwezi jenga Thika Road, pesa inatengezwa na Safaricom chino ya miezi 3 au hata Equity na KCB.
Maskini ni maskini tu na akipata kidogo matako hulia mbwata LDC. By the way how is this a Kenyan News juu naona tumetajwa sana?
Upuzi wa vijiweni msituletee hapa kwa mabig shot, taarifa kama hizi mgekuwa mnawatishia kina Burundi hivi.

 

[Dhuks]

that amount is for an above average road in kenya

 

[Bantugbro]

Wanaobeza amount nadhani hawajui nini maana ya insurance/surety cover...

 

[Geza Ulole]

Wanaobeza amount nadhani hawajui nini maana ya insurance/surety cover...

ama
Watuambie surety cover ya ule mtambo wao wa Gongo ni ngapi kama ipo at all!?

 

[eliakeem]

Ahaaa haaa haaa
dis is a guaranteed loan. it's more dan secured loan facility.
Teh teh teh tihiii