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.
A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
A funding package worth US$460 million is being provided by the World Bank’s International Development Association to pay for the upgrade to the Afghanistan-Pakistan road upgrade.
A loan worth US$1.20billion for the Padma Multipurpose Bridge project has been cancelled by the World Bank (WB).
The decision was said to have been taken as the Bank was not satisfied with the actions taken by the Bangladeshi government in regards to corruption allegations involving the bridge contract. A major engineering and construction company is alleged to have made improper payments to Bangladeshi government officials in order to secure the bridge contract. The World Bank loan, signed In April last y
