Huge infrastructural projects like the standard gauge railway (SGR) may take long to yield returns, but they are solid and valid assets, whose value will grow in time, he stressed.

The SGR, according to Wu, is a flagship project that showcases the fast speed and high quality of China-Kenya cooperation.

The building of Mombasa-Nairobi SGR has driven the Kenya's economic growth by 1.5 percent and created 46,000 jobs for local residents.

He said the train shortened the Nairobi-Mombasa trip from over 10 hours to five hours. Since its launch in May 2017, with an average booking rate of 99 percent, over 2.77 million passengers have traveled by the SGR, and around 4.2 million tonnes of goods have been transported, said Wu.

In the first full year of operation, SGR earned nearly 10.33 billion Kenyan shillings (about 103 million dollars, which is very close to the operation cost of 120 million dollars a year, he said, adding that for an infrastructural project of SGR's magnitude, it is not easy to achieve near break-even in one year.

China and Kenya are currently discussing the construction of the Mombasa Special Economic Zone and the Naivasha Industrial Park, said the ambassador.

"With the development of the industrial chain from railway transportation, port economy to industrial parks, we have every reason to believe that SGR will benefit Kenya's efforts towards industrialization, and strongly boost Kenya's GDP growth significantly."

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