Kenyan investment?

Infrastructure investment will follow granting of a loan worth some US$400 million to Kenya.
February 17, 2012 Read time: 1 min
Infrastructure investment will follow granting of a loan worth some US$400 million to Kenya. The country has pledged to boost its road network as well as carrying out other infrastructure development should it receive the $400 million loan from the New York-based 2332 World Bank (WB). Some $1.1 billion in loans have been provided by the WB to Kenya since 2009, with most of the funds being used for road building and other development work.

For more information on companies in this article

Related Content

  • East Africa’s massive new ring road project
    June 30, 2016
    Plans are being drawn up for a major new highway project in East Africa. Preparations are being made by the authorities in Kenya, Uganda and Tanzania. The 450km ring road route runs around the shoreline of Lake Victoria and will provide better transport connections for Kenya, Uganda and Tanzania, as well as for other near neighbours, particularly Rwanda and Burundi. New border posts will be required, to help increase the flow of traffic between the nations. Although it will be complex, the project will boos
    Read More
  • Loan to fund Serbian road rebuilding
    September 8, 2014
    Serbia’s Ministry of Construction has plans to rebuild and upgrade some 1,000km of roads between 2014 and 2018. The work is expected to cost €300 million. Serbia’s Government is looking to the EU for the ratification of a previously discussed loan worth €300 million. This loan has been approved by the World Bank, the EBRD and the European Investment Bank (EIB). The money will be used to fund road rebuilding work, with one of the first projects to tackle being the improvement of the Zrenjanin-Zabalj route.
    Read More
  • Key French highway upgrade deal for consortium
    March 5, 2012
    The French Government has agreed a highway contract with consortium Atlandes for a section of the A63 autoroute in southwest France.
    Read More
  • Two Chinese provinces set ambitious plans
    March 5, 2012
    Plans are now well in hand in China's Hebei and Zhejiang Provinces to build new highway connections and boost transport infrastructure. In Hebei Province a total of 12 highway projects worth an impressive US$9.66 billion will commence in 2011. These new highways will add a total of 852km to the network of the province. In addition, the authorities in Hebei Province are detailing additional plans to continue to develop the highway network with a target set of 6,762km in total by the end of 2015.
    Read More

Highlighted Content