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

  • Bolivia's Santa Cruz road corridor connector project
    December 22, 2016
    Bolivia’s ambitious Santa Cruz road corridor connector project is providing an important link for the country - Gordon Feller writes The World Bank has been organising a US$230 million loan to upgrade a vital connector linking the country’s northern and southern transit corridors. Meanwhile, another $100 million is coming from Bolivia’s government.
    Read More
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Pavers produce on Chinese road building project
    May 19, 2015
    Volvo tracked pavers are helping China meet its ambitious programme of building 10,000km of roads annually. China’s ambitious road building programme is seeing over 10,000km of new highway being completed every year. Productivity, reliability and good uptime of equipment are key to this programme being achieved. And to the north of Xi’an, four Volvo Construction Equipment (Volvo CE) ABG8820 tracked pavers recently worked 14 hours/day paving the final layer of asphalt on a new highway. This 96km route opened
    Read More
  • Loan of US$120 million from Korea for Rwanda road works
    December 14, 2023
    A loan of US$120 million from South Korea will pay for Rwanda road works.
    Read More

Highlighted Content