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MPs Question Govt’s Plan to Securitise Sports Fund for Talanta City Project
['David Wafula']
Kahawatungu
Dan Wanyama, warned that the financing model would place a heavy burden on taxpayers, who will have to repay the securitised loan over 15 years.
The discussions focused on the securitisation plan and the reallocation of SASDF resources to semi-autonomous government agencies (SAGAs).
Matungulu MP Stephen Mule warned that Kenyans would end up paying more than Sh97 billion—double the principal amount.
Mwingi West MP Charles Nguna criticised the lack of public participation, saying, “Kenyans were kept in the dark.
The committee also expressed displeasure that Treasury has delayed releasing funds to SAGAs despite Parliament already allocating money to them.