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

  • An Israeli contractor will build a key connection at Galilee
    May 22, 2012
    In Israel the contractor Shikun u'Binui Holdings has been awarded a road project worth some US$65.2 million. The tender was awarded by Israel National Roads Company and is for a four-year project. Under the terms of the deal Shikun u'Binui Solel Boneh Building and Infrastructure will upgrade the Upper Galilee interchange that connects Road 65 and Road 85. The project also includes widening both highways from two-lane to four-lane roads as well as building a small interchange near the Kahal village and const
    Read More
  • Mexico to boost budget for road studies in 2018
    August 17, 2017
    Mexico’s Secretariat of Communications and Transport is looking to inject US$84.2 million into the Road Studies and Projects Programme in 2018. The studies are geared towards increasing the efficiency of the national road agency Direccion General de Carreteras to keep projects on budget and improve the record of completion times for new roads and upgrade works. During 2018, the agency will be conducting studies related to 14 projects as part of the National Infrastructure Programme and 91 projects inc
    Read More
  • Canadian province taps Vinci for its first public-private partnership
    August 7, 2015
    A Canadian subsidiary of Vinci Concessions, has signed a 30-year public-private partnership (P3) deal for a bypass around the Saskatchewan provincial capital city Regina. Regina Bypass Partners is a (37.5%) subsidiary of Vinci Concessions, in partnership with Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%). Parsons Enterprises - the Parsons division focused on the development, delivery, financing, and management of infrastructure under P3s - is an equity par
    Read More
  • Russian road rebuilding programme
    July 20, 2018
    The Russian Ministry of Transport is setting out a major programme of transport infrastructure improvements, with a budget of US$175.56 billion being planned. Russia has 511,000km of regional and municipal roads at present, around 43% of the country's total network. The aim is to increase the percentage of roads with federal and municipal status to 50%, which will require around 40,000km of roads to be upgraded by 2024. The Russian Federal Government will give the regional authorities the necessary funding
    Read More

Highlighted Content