Navy story.indd - Mars Group Kenya Publications

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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 Kenya
Navy 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
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