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

  • Pakistan’s key highway and bridge connections
    September 28, 2017
    Plans are now being drawn up for a series of projects that will form part of the China-Pakistan Economic Corridor (CPEC). Four road projects worth over US$3.32 billion have been added to the CPEC programme. The Chinese Government is now in agreement with the plans for the CPEC. One of the new roads being built will run from Naukundi, through Mashkel and to Panjgur. The road will join National highway N-40 with CPEC Route N-85, and the Zhob-Kuchlak route. This last link forms part of the Western Corridor CPE
    Read More
  • The Australian Government has set a massive budget for infrastructure investment, including major spending on roads
    May 17, 2013
    The Australian Government is announcing plans to invest A$24 billion (US$23.73 billion) in transport infrastructure across the country. This will form the second part of the country’s five-year Nation Building Plan (NBP). The investment will be used to improve roads, railways and ports between 2014/2015 and 2018/2019. One stage of the NBP will involve spending A$525 million to upgrade and widen the M80 Ring Road in New South Wales (NSW) in a project that will include installing the latest traffic management
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Kenyan investment?
    February 17, 2012
    Infrastructure investment will follow granting of a loan worth some US$400 million to Kenya.
    Read More

Highlighted Content