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

  • Myanmar bridge funding sourced from Japan
    January 3, 2019
    Funding has been secured from Japan to help pay for construction of the Thanlyin Bridge No 3 project in Myanmar. A loan worth US$282.5 million is being provided by the Japan International Cooperation Agency (JICA). Construction is due to start in March 2019 and should take until 2023 to complete. The new bridge will form part of Asia’s new East-West Economic Corridor.
    Read More
  • Progress for Trans-Sahara road route
    March 8, 2023
    Progress is being seen for Trans-Sahara road route stretch in Niger.
    Read More
  • Uruguay’s transport investment is seeing major gains
    August 1, 2017
    Uruguay’s road development programme will help deliver economic growth for the future - Gordon Feller reports. Uruguay is embarking on a new nationwide programme to rehabilitate 890km of roads, and the government intends to improve an additional 260km of dangerous highways and roads. This three-year programme aims to reduce traffic accidents, in part thanks to a US$70 million loan recently authorised by the World Bank’s board of directors. The new operation uses a special financing instrument known as “Prog
    Read More
  • Côte d'Ivoire, fourth capital bridge project
    April 30, 2019
    A new bridge project in Côte d'Ivoire capital Abidjan is now receiving a key funding package.
    Read More

Highlighted Content