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

  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Australian projects underway
    May 28, 2012
    The consortium building Australia's new Northern Link tollway expects the project to require four years to complete. The US$1.41 billion (A$1.5 billion) project is being carried out by a consortium led by Spanish contrator Acciona, with construction due to commence at the end of this year. The work is being part funded by a $745 million loan from the State Government for the area and will also receive $532 million of funding from the Federal Government.
    Read More
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract
    Read More
  • Major road deals for France
    May 3, 2012
    The tender process for the A355 western Strasbourg bypass in France is nearing completion and the winner will be announced shortly. The 24km highway stretch is expected to take 52 months to build and will cost some €750 million while for the moment at least, Vinci Concessions is the preferred bidder. The 55 year contract includes design, financing, construction and operation and maintenance.
    Read More

Highlighted Content