Improvements are planned for the road linking the Mombasa International Airport with the Kisumu-Kakamega-Webuye-Kitale road.
March 1, 2012
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Improvements are planned for the road linking the Mombasa International Airport with the Kisumu-Kakamega-Webuye-Kitale road. A loan worth US$300 million has been approved by the 2332 World Bank.
The World Bank is offering the Kenyan Government a loan worth nearly US$300 million to fund road projects. The lion’s share of the money will be used to construct a double decker road link in Kenyan capital Nairobi. The 30 year repayment loan will also feature a grace period of 10 years. The Kenyan Government will contribute a small sum to the project and will also be in charge of the tender process.
Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
The World Bank is offering the Kenyan Government a loan worth nearly US$300 million to fund road projects. The lion’s share of the money will be used to construct a double decker road link in Kenyan capital Nairobi. The 30-year repayment loan will also feature a grace period of 10 years. The Kenyan Government will contribute a small sum to the project and will also be in charge of the tender process.
