Kenya road project receiving World Bank funding

The World Bank Group is providing funding worth US$500 million for the development of a key transport corridor in the north-west of the country. This comes under the East Africa Regional Transport, Trade & Development Facilitation Project. The general aim of the project to build the corridor is to provide economic and social development for communities in the counties of West Pokot and Turkana. The government of Kenya will contribute the remainder needed for the $676 million project.
June 29, 2015 Read time: 1 min
The World Bank Group is providing funding worth US$500 million for the development of a key transport corridor in the north-west of the country. This comes under the East Africa Regional Transport, Trade & Development Facilitation Project. The general aim of the project to build the corridor is to provide economic and social development for communities in the counties of West Pokot and Turkana. The government of Kenya will contribute the remainder needed for the $676 million project.
Road Structures Finance & Funding

Related Content

  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
    Read More
  • Road rebuilding and rehabilitiation revitalising Rwanda
    October 4, 2013
    In Rwanda a road rehabilitation project will see the rebuilding of the route connecting Huye and Kitabi. The work on the 53km road will be supervised by Rwanda’s Ministry of Infrastructure and is due for completion by 2017. A loan worth SU$10 million from the Arab Bank for Economic Development (Badea) will help to finance the work on the road, which lies in Rwanda’s Southern Province. Badea is a financial institution owned by 18 Arab countries members of the League of Arab States (LAS). In all, the project
    Read More
  • Five consortia vie for Paraguay’s first phase of bi-oceanic corridor
    March 14, 2016
    Five consortia are vying for the contract to pave 255km of Paraguay’s bi-oceanic corridor project - the Loma Plata-Carmelo Peralta road paving works. The five consortia are INECS, EPI, ACI Proyectos Cialpa, Geocon-MCSA and Loma Plata. The 255km contract is the first phase, costing US$300 million, of a 1,045km overall corrider that will need around $926 million. Tenders for the first phase were launched in November covering the section between Carmelo Peralta, Cruce Centinela and Loma Plata in the w
    Read More
  • High fuel prices impact on global trade
    February 27, 2012
    Official statistics can often reveal the blindingly obvious to anyone with the remotest level of common sense. A report from the UK's Office for National Statistics presents a fine example, stating that fewer journeys were made during the recession.
    Read More

Highlighted Content