N🟁N

Finance Committee members decline to lower Railway Levy

The Finance Committee members in Kenya have declined to lower the railway development levy, asserting that the funds are crucial for the ongoing and future railway projects aimed at enhancing the country's transport infrastructure. Despite calls from various stakeholders to reduce the levy due to economic pressures on businesses and consumers, the committee emphasized the strategic importance of railway development for economic growth, job creation, and reducing road congestion. They argued that maintaining the levy would ensure the completion of key railway lines, including the Standard Gauge Railway (SGR) extensions, which are seen as vital for Kenya's long-term economic strategy. The decision reflects the government's commitment to infrastructure development despite the current economic challenges.

Read the Full The Star Article at:
[ https://www.the-star.co.ke/business/2024-12-05-finance-committee-members-decline-to-lower-railway-levy ]