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

  • Uzbekistan to take out further road building loans
    February 15, 2016
    Uzbekistan will take out a US$405 million loan with the Asian Development Bank in the second half of this year for completion of a motorway from Central Asia to China. ADB will provide three loan in three tranches. Last autumn, Uzbekistan said it will target of 2,700km of new highways by 2019 at a cost of around $590 million. Around 2,280km will have a bituminous concrete surface and 418km will be a concrete surface. Uzbekistan has been setting out a major plan for road repairing, rebuilding and up
    Read More
  • Nairobi road to nowhere?
    January 3, 2013
    International environmental pressure groups claim a vital road in Kenya goes through parkland as Shem Oirere reports. Kenya’s Nairobi Southern Bypass, a 28.6km stretch has become the second road project in East Africa to run into problems. Designed to the Class A International Trunk Road Standard, the route has been targeted by international environmental pressure groups following Tanzania’s Serengeti Highway, which was derailed last year. The US$208 million bypass will link Mombasa Road, near Ole Sereni Ho
    Read More
  • Romania’s important bridge project
    October 5, 2022
    Romania’s important Braila Bridge project will deliver a key crossing spanning the Danube River
    Read More
  • Concern over Serbian bridge project behind schedule
    August 28, 2014
    There is concern in Serbia over delays to the Zemun-Borca bridge project. Costing some €197 million in total for the bridge and its access roads, the project is due for completion in December 2014. However Serbia’s Ministry of Construction is investigating why the project is not on track and wants to bring the work back into line with the planned schedule. The Serbian Government is funding 15% of the project while China’s Exim Bank is providing 85%. The Chinese contractor China Road and Bridge Corporation i
    Read More

Highlighted Content