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

  • Algeria is investing in more highway infrastructure
    August 21, 2013
    Algeria’s Public Works Ministry has announced it plans to build new expressway connections to the country’s East-West highway. These expressways will link the Algeria’s ports to the East-West highway, with the aim of reducing congestion and improving traffic flow. A US$373 million expressway measuring 30km long will link the port of Skikda with the East-West highway, with construction work due to start in September 2013. Larger still, a 111km highway will be built linking Djendjen port to Algeria’s East-Wes
    Read More
  • Australia’s transport development a priority in New South Wales and Western Australia
    December 2, 2019
    In Australia, the states of New South Wales and Western Australia are both setting transport development as a priority. Both states are planning major spending programmes on new infrastructure projects, with transport representing a key portion of that future investment.
    Read More
  • Serbia highway project; financing secured
    May 24, 2019
    The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the Preljina-Pozega highway. In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.
    Read More
  • Kenya highway deal signed with China
    June 7, 2016
    The authorities in Kenya have signed an agreement with a Chinese contractor for a major highway project. The deal is for design and feasibility studies for this proposed highway, which would run from Ruaka to Gitaru. The 16.5km highway section would form part of Nairobi’s Western Bypass, should the project get the official go ahead once the feasibility study has been completed and analysed. China Road and Bridge Corporation (CBRC) will carry out the feasibility study as well as the preliminary design, havin
    Read More

Highlighted Content