AOB 26RD/05/20204

In the plantation

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Field Marshal said:
Explain further please...
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In Confessions of an Economic Hit Man, John Perkins takes us on a journey through his career as an economic hit man (EHM). He begins by describing his early days at a consulting firm, where he was recruited to work for a company that was a front for the National Security Agency (NSA). His job was to convince developing countries to accept enormous loans for infrastructure development, which were then used to ensure their allegiance to the United States and to make them vulnerable to political and economic manipulation. His job was to convince leaders to undertake wildly overambitious infrastructure projects that would enrich them and big U.S. engineering firms like Bechtel. In most cases, the projects would fail and leave nations beholden to US banks or the World Bank.

Perkins explains that the loans were intentionally designed to be so large that the debtor countries would be unable to repay them. This would give the United States leverage to dictate the terms of the loan, including access to natural resources and the installation of military bases. If the country's leaders refused to comply, the EHMs would resort to more extreme measures, such as orchestrating coups or assassinations.
One of the companies cited by John Perkins as a beneficiary of these schemes is Bechtel Engineering, the firm behind the proposed Nairobi-Mombasa expressway.

A copy of the book, which is quite a good read.
 

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upepo said:
In Confessions of an Economic Hit Man, John Perkins takes us on a journey through his career as an economic hit man (EHM). He begins by describing his early days at a consulting firm, where he was recruited to work for a company that was a front for the National Security Agency (NSA). His job was to convince developing countries to accept enormous loans for infrastructure development, which were then used to ensure their allegiance to the United States and to make them vulnerable to political and economic manipulation. His job was to convince leaders to undertake wildly overambitious infrastructure projects that would enrich them and big U.S. engineering firms like Bechtel. In most cases, the projects would fail and leave nations beholden to US banks or the World Bank.

Perkins explains that the loans were intentionally designed to be so large that the debtor countries would be unable to repay them. This would give the United States leverage to dictate the terms of the loan, including access to natural resources and the installation of military bases. If the country's leaders refused to comply, the EHMs would resort to more extreme measures, such as orchestrating coups or assassinations.
One of the companies cited by John Perkins as a beneficiary of these schemes is Bechtel Engineering, the firm behind the proposed Nairobi-Mombasa expressway.

A copy of the book, which is quite a good read.
Click to expand...
Waaah! You are a real resource.

Yaani Bechtel is quoted in the book and we are dealing with it?
 
upepo said:
In most cases, the projects would fail and leave nations beholden to US banks or the World Bank.
Click to expand...
It is instructive that Uhuru refused to give government guarantees for revenue shortfalls to Bechtel hence their previous false start.

INFRASTRUCTURE
Bechtel Still Ready to Build 473km Nrb-Msa Expressway

The American company says it stands ready to support the project.

Author-80x80.png

Updated on
July 6, 2022
By
Albert Andeso
Road construction
A road construction project. PHOTO | FILE
US contractor Bechtel Corp has expressed its commitment to building the proposed Nairobi-Mombasa Expressway, barely a week after a South Korean company presented a feasibility study for the project to the Kenyan government.
Bechtel told the CK on Wednesday that despite its commitment to undertaking the project in the most fiscally responsible way, it was yet to agree with Kenya on how to proceed.
However, the company reiterated its continued support for the project.

“We believe the expressway – delivered well – could generate many long-term benefits for the people of Kenya, in terms of jobs, economic stimulus, environmental improvements and connectivity. We continue to stand ready to support this transformative project,” Bechtel spokesperson Aileen Eston told the CK.
Bechtel had in August 2017 signed a Sh230 billion deal with the Kenya National Highways Authority (KeNHA) for construction of the 473km highway.
However, Kenya backtracked on the deal a year later and asked Bechtel to build the highway with its own money and charge toll fees to recover the investment.
RELATED: Kenyan Firm Wins Deal for Madagascar Toll Highway
Bechtel declined the offer saying the Public Private Partnership (PPP) model would inflate the cost of the project to Sh1.5 trillion – which is five times the budget – as it would involve expensive borrowing and interest payments.
The company insisted on a contract model where Kenya pays for construction of the highway that was initially expected to cost $2.7 billion (Sh320 billion).
 
Mwalimu-G said:
It is instructive that Uhuru refused to give government guarantees for revenue shortfalls to Bechtel hence their previous false start.

INFRASTRUCTURE
Bechtel Still Ready to Build 473km Nrb-Msa Expressway

The American company says it stands ready to support the project.

Author-80x80.png

Updated on
July 6, 2022
By
Albert Andeso
Road construction
A road construction project. PHOTO | FILE
US contractor Bechtel Corp has expressed its commitment to building the proposed Nairobi-Mombasa Expressway, barely a week after a South Korean company presented a feasibility study for the project to the Kenyan government.
Bechtel told the CK on Wednesday that despite its commitment to undertaking the project in the most fiscally responsible way, it was yet to agree with Kenya on how to proceed.
However, the company reiterated its continued support for the project.

“We believe the expressway – delivered well – could generate many long-term benefits for the people of Kenya, in terms of jobs, economic stimulus, environmental improvements and connectivity. We continue to stand ready to support this transformative project,” Bechtel spokesperson Aileen Eston told the CK.
Bechtel had in August 2017 signed a Sh230 billion deal with the Kenya National Highways Authority (KeNHA) for construction of the 473km highway.
However, Kenya backtracked on the deal a year later and asked Bechtel to build the highway with its own money and charge toll fees to recover the investment.
RELATED: Kenyan Firm Wins Deal for Madagascar Toll Highway
Bechtel declined the offer saying the Public Private Partnership (PPP) model would inflate the cost of the project to Sh1.5 trillion – which is five times the budget – as it would involve expensive borrowing and interest payments.
The company insisted on a contract model where Kenya pays for construction of the highway that was initially expected to cost $2.7 billion (Sh320 billion).
Click to expand...
This contract needs to be interrogated thoroughly....
 
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