Kenya road project – funding secured

A funding package has been secured for a key highway project in Kenya. The Development Bank of South Africa (DBSA) is providing close to US$615 million for the project. The new highway will connect Lamu on Kenya’s coast, with Isiolu. The highway project is intended to become part of Kenya’ second key transport corridor, with the country’s other transport corridor connecting Mombasa and Nairobi with the Ugandan border. The Lamu to Isiolu road will measures 520km long and will be a key portion of the Lamu Por
July 12, 2018 Read time: 1 min

A funding package has been secured for a key highway project in Kenya. The 3204 Development Bank of South Africa (DBSA) is providing close to US$615 million for the project. The new highway will connect Lamu on Kenya’s coast, with Isiolu. The highway project is intended to become part of Kenya’ second key transport corridor, with the country’s other transport corridor connecting Mombasa and Nairobi with the Ugandan border. The Lamu to Isiolu road will measures 520km long and will be a key portion of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor. This is intended to bring economic development to parts of Kenya as well as South Sudan and Ethiopia.

Finance & Funding

For more information on companies in this article

Related Content

  • Nairobi revives city decongestion plan
    March 18, 2016
    Nairobi is looking to tackle its congestion problems - Shem Oirere writes. Authorities in Kenya’s capital Nairobi have revived plans to convert some of the streets in the city into one way roads to deal with chronic traffic congestion that consumes fuel worth millions of shillings and wastes several manhours in traffic jams. Nairobi County governor Dr Evans Kidero said the plan, which is to take effect by the end of December 2015, will affect Moi Avenue, Koinange Street, Tom Mboya Street, River Road and Kir
    Read More
  • Kenya road repairs required following flooding
    May 29, 2018
    Recent heavy rains in Kenya have caused extensive damage to the road network, washing away road surfaces and signage and causing scouring of bridges. As much as US$180 million may be required to carry out the necessary repairs to the road network. Nairobi and its surrounding area have been particularly badly hit. The city’s central business district and various industrial areas are key to the country’s economy and have suffered extensive damage to various road sections, so repairing these areas is seen as a
    Read More
  • Laos boosting roads
    February 15, 2012
    The authorities in Laos are planning a massive road and highway improvement programme. This new strategy from the Ministry of Public Works and Transport calls for a total of 1,151 road improvement projects, which will receive government investment worth US$14 billion.
    Read More
  • Indian highways road construction
    April 16, 2012
    Superlatives, once applied only to China's phenomenal growth, are now being used for India. Patrick Smith reports Those involved with the Naini Bridge in Allahabad are so proud of the result that they have set up an exhibition centre detailing its construction.
    Read More

Highlighted Content