Framework Agreementwaziri wa fedha
Treasury and Planning Cabinet Secretary (Amb) Ukur Yatani has lauded the cordial relationship between the French and Kenyan Governments.
He said that Kenya and the government of France continue to enjoy very solid development cooperation, economic and business relations spanning over decades.
The CS made the remarks today at the National Treasury where he signed a Framework Agreement between the government of the French Republic and the government of the Republic of Kenya on the financing, development and implementation of Strategic priority projects in Kenya,
“France is one of the leading bilateral Development Partners to Kenya and has made commitments amounting to Euro. 2.2billion (Kshs.257.4billion) in the last 20 years to support Energy, Water & Sanitation, Roads & Transport, Environment, Agriculture, Private Sector Development and Governance sectors” he said.
The signing of the framework is a follow up of the French President Macron’s visit in March 2019 where the two Governments committed to invest in infrastructural projects and boost trade and private investment as well as benefit from the transfer of expertise and technologies from the French companies to our local companies.
In the agreement the French government through the Agence Française de Développement (“AFD”) intends to finance a “Public Transport Technical Assistance Project” (“PTA Project”), through the Ministry of Transport, Infrastructure, Housing and Urban Development with a technical assistance grant financing of one point five million Euros (EUR 1.5 million). The project will foster the deepening of partnerships between Kenyan and French institutions in the sector.
The final beneficiaries of the PTA Project will include Kenya Railways Corporation (KRC) and the Nairobi Area Metropolitan Transport Authority (NAMATA).
Public Transport, Infrastructure, Housing and Urban Development Cabinet Secretary James Macharia who was accompanied by Housing Principal Secretary Mr. Charles Hinga during the signing ceremony, appreciated the positive gesture by the French government noting that the support will go a long way in mitigating against the contemporary infrastructural challenges which impede provision of investor friendly environment.
The Framework Agreement was signed by AFD Country Director Mr. Ghislain de Valon and witnessed by French Secretary of State, Ministry for Transport Mr. Jean-Baptiste Djebbari and French Ambassador to Kenya H. E Mrs. Aline Kuster Menager.