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.
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