Chinese loan to fund Kenya road project

A loan from the China Exim Bank will help pay for a new road project in Kenya. The loan is being offered to Kenya’s Government and is worth US$227.2 million, around 46% of the sum required for the whole 472km road project. The project is being handled in three phases, with this loan being sufficient for the first 192km stretch that will connect Kibwezi with Kitui, running through Mutomo. This first section will be constructed by Chinese contractor Sinohydro. The second stretch of the project will measure 16
December 2, 2016 Read time: 1 min
A loan from the China Exim Bank will help pay for a new road project in Kenya. The loan is being offered to Kenya’s Government and is worth US$227.2 million, around 46% of the sum required for the whole 472km road project. The project is being handled in three phases, with this loan being sufficient for the first 192km stretch that will connect Kibwezi with Kitui, running through Mutomo. This first section will be constructed by Chinese contractor 5544 Sinohydro. The second stretch of the project will measure 167km long and run from Kitui on to Mwingi, ending in Kanduya. The third section of the project will connect Kanduya with Usueni and will be 113km long, with funding still to be secured for phases two and three.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Restart ahead for Nairobi-Mombasa toll road
    May 16, 2025
    Full feasibility study for the US$3.5bn Nairobi to Mombasa toll road is handed over to Kenya National Highways Authority
    Read More
  • Tender process underway for Polish road projects
    August 18, 2014
    The tender process is underway for two major projects in Poland. One project involves constructing three sections of the new southern ring road around Polish capital Warsaw. Building the 18.5km stretch that comprises the three sections is expected to cost in the region of €1.6 billion. The Polish General Directorate for National Roads and Motorways (GDDKiA) says that bids have to be submitted by 10th October 2014. The A section will be some 4.6km long, the B section 6.45km long, whilst the C section will be
    Read More
  • Waskita Karya seeks loan for Pejagan-Pemalang toll road on Java
    January 12, 2015
    Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya. Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%. Waskita Karya plans to carry out a bond
    Read More
  • Argentina road and transport projects receiving funding
    April 3, 2017
    Argentina looks set to benefit from a series of major new transport projects. Loans worth up to US$650 million will help pay for a series of projects, including Argentina’s contribution to the Agua Negra Tunnel link with neighbouring Chile. The loans will be organised by the Inter-American Development Bank (IADB). A further loan of $156 million to road concession company AUSA will help pay for transport projects in Buenos Aires, including the construction of the Lacarra Bridge to connect with Lanus and upgr
    Read More

Highlighted Content