The <strong>Navy</strong> Ship Deal Part 3 Supporting Document 5 <strong>Kenya</strong> <strong>Navy</strong> Jasiri - Mombasa OSIEA www.marsgroupkenya.org 27
– KENYA NAVY OCEANOGRAPHIC SURVEY VESSEL – “JASIRI MOMBASA” Project Name Contract Date GOK Officials Contractor & Sub-Contractor Financier (signatory) Value Value Interest (Ksh) (Euro) Total paid to end of Creditor and repayment terms outstanding outstanding outstanding outstanding June 2005 (Kshs) June 2003 June 2004 June 2005 June 2006 Construction of 15/07/03 Sammy Kyungu Euromarine Euromarine 925,546,600 10,399,400 4.8% Principal 432,493,201.15 Oceanographic Survey Chris Murungaru Industries Industries Interest 40,460,671.65 Vessel Joseph Magari (J.K. Mario) Total 472,953,872.80 for <strong>Kenya</strong> <strong>Navy</strong> David Mwiraria (Department of Defence) Credit Lyonais Bank Specifications – frigate – 1,400 tons – 85 metres long – 13 metres wide (hull) – maximum speed 28 knots 15/07/03 Sammy Kyungu (sub-contractor Chris Murungaru Impressa De Financas International Ltd 1,335,000,000 15,000,000 4.8% Principal 197,954,169.70 Astilleros Gondan, Spain) Interest 63,708,783.25 Joseph Magari Total 261,662,952.95 Dave Mwiraria (Ricardo Harris) Navigia 15/07/03 Sammy Kyungu Capital 2,367,186,400 26,597,600 4.8% Principal 313,347,692.35 Chris Murungaru International Ltd Interest 124,371,620.35 Loan of Euro 51,997,000 co-financed by Euromarine, Impressas, Navigia Capital Repayable commencing 31st July 2003 and ending 2010. 0 4,057,624,812.00 3,889,071,954.00 3,968,876,331.00 Joseph Magari (not signed) Total 437,719,312.70 David Mwiraria 4,627,733,000 51,997,000 Total paid 1,782,581,343.85 Sources: MOJCA Press Statement September 9, 2006; Controller and Auditor General’s Special Audit Report April 2006; MOF External Statement of Public Debt 2006; Parliamentary Defence Committee Fact Finding Visit Report October 2006 Copyright <strong>Mars</strong> <strong>Group</strong> <strong>Kenya</strong>. www.marsgroupkenya.org