World Bank providing loan for key Kenyan roads

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.
October 9, 2012 Read time: 2 mins
The 2332 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. The planned road link will connect the Westlands roundabout with Mombasa Road, while part of the loan will also be directed towards the construction of bypasses in Meru and Kisumu. The plans form part of the Kenyan Government’s Urban Transport Improvement Project (NUTRIP). This programme of works is under the direction of the Nairobi Metropolitan Transport Authority and involves widening and upgrading highways, improving dilapidated urban roads and removing unnecessary roundabouts. The transport plan is being implemented jointly by 6679 Kenya Urban Roads Authority (Kura), Ministry of Transport, 2639 Kenya National Highways Authority (Kenha), 6680 Kenya Railways Corporation and the Ministry of Roads.

Related Content

  • Kenya-Tanzania connection partial funding found
    October 13, 2017
    A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.
    Read More
  • Highways: environmental problem or environmental enhancement?
    March 21, 2016
    Highways need not be a blight on the countryside that many people, urban planners included, believe they will always be. By Bram Miller, director, and Martin Broderick, environmental consultant, at Ramboll Environ While the world’s highway networks bring undoubted economic and social benefits, they are generally perceived to lead to negative environmental impacts. Some may consider this an unfair reputation, but it is difficult to argue that in the majority of cases both the construction and operation of
    Read More
  • Pakistan enhances road link with Afghanistan
    November 22, 2024
    Pakistan has enhanced the road link with Afghanistan and Centra Asia.
    Read More
  • Ukraine’s shattered highways
    July 26, 2024
    With no end to its war with Russia in sight, Ukraine is also fighting hard to cope with a growing backlog of major infrastructure projects, especially in terms of rebuilding the country’s roads and bridges. David Arminas reports.
    Read More

Highlighted Content