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

  • Japan investing in Ugandan roads
    January 31, 2014
    Japanese investment is helping develop Ugandan infrastructure. Construction of the New Nile Bridge is being part-financed by the Japanese Government. Some US$90 million for the dual-lane bridge is being provided through the Japan International Cooperation Agency (JICA). The bridge forms part of the important Northern Transport Corridor of East Africa, which runs from the Port of Mombasa in Kenya through Uganda, Rwanda, Burundi to the Democratic Republic of Congo. This route is vital for Uganda’s economy, as
    Read More
  • Cameroon highway loan package agreed
    June 29, 2021
    A loan package has been agreed for a highway project in Cameroon.
    Read More
  • Key Polish projects are underway or compelte
    December 4, 2014
    The Polish town of Marki is to benefit from a new 15km ring road, which will be constructed by a consortium comprising the contractors Astaldi and Salini. The project has a total value of some €167.4 million. The first section will measure 8.1km and run from Kobylka and Marki junctions. Salini plans to complete this stretch in 32 months. Meanwhile, the second section will run between Radzymin Pld and Kobylka junctions and will be completed in 36 months. Meanwhile work on the final section of the S8 road has
    Read More
  • Key route widening for Pennsylvania
    August 28, 2013
    Work is now starting on the first construction phase of US Route 219 from Somerset to Meyersdale in Somerset County, Pennsylvania. The project will see the route widened to four lanes, with the work being constructed through three main contracts and taking an estimated five years to build. The project is expected to improve safety along a 17km stretch of US219. The work includes two new interchanges, one at the Mason Dixon Highway and the other at Mud Pike. The project was originally conceived in the 1970s
    Read More

Highlighted Content