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

  • Columbia kick-starts Antioquia project with Toyo tunnel financing
    January 6, 2015
    Columbia’s National Infrastructure Agency (ANI) will help finance construction of the Toyo tunnel in Antioquia. The tunnel, nearly 10km-long and costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. The central government will contribute $216 million towards the project, the regional government of Antioquia will contribute $337 million and the Medellin government will pitch in with $212 million.
    Read More
  • Ethiopian Roads Authority (ERA) picks Spanish, Chinese contactors
    October 22, 2014
    The Ethiopian Roads Authority (ERA) has contracted out two major road projects to Spanish and Chinese companies. China Hunan Hunda Road & Bridge Construction will build the 111.3km Merkote-Delbo junction-Alaba-Sodo road under a contract worth around US$50 million (€39.12 million). Completion is within two and a half years. Spanish joint venture UTE Elsameks Eco Asphalt Ethiopia 35 will handle the 63km Ambo-Welliso project. Completion is due in three years, with funding of around $59 million from the W
    Read More
  • Astaldi begins drilling tunnels on Poland’s S7 dual carriageway
    March 14, 2017
    Italian contractor Astaldi has begun drilling two parallel tunnels as part of its S7 dual carriageway project in Poland. Each tunnel, between Naprawa and Skomielna Biala and under the Lubon Maly massif, will each be just over 2km long. Astaldi, based in Rome, won the three-year S7 dual carriageway project worth around €225 million in 2016 Work includes 38 bridges and viaducts and three motorway services. There will also be 25km of access roads and two junctions. The north-south S7, when complete
    Read More
  • East Africa's new connection
    April 30, 2012
    A new US$743 million road project now looks set to go ahead that will radically improve transport connectivity between Kenya and Ethiopia. The government of the two countries recently agreed a deal to co-develop a network of roads measuring some 880km in all to connect these neighbouring nations. The Mombasa-Nairobi-Addis Ababa link is expected to take three years to construct and will form part of the Trans-African Highway corridor. The project is being financed with a loan from the African Development Ban
    Read More

Highlighted Content