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

  • 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
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • Kenya highway project financing resolution
    May 17, 2018
    Construction work on Kenya’s vital Mombasa-Nairobi highway upgrade project is now going ahead as planned. A resolution has been achieved that will solve the funding issues that had threatened to delay the project. The project will cost nearly US$3 billion in all and is crucial for the country’s economic development as it will provide a new four lane highway connecting Kenya’s capital, Nairobi, with its largest port at Mombasa. But there were concerns that the funding method based on a series of loans that w
    Read More
  • Kenya highway projects now underway
    April 7, 2017
    Work on two major highway projects are now commencing in Kenya. One project will improve the road connection between Kenya’s capital Nairobi, with its premier port of Mombasa. The other project will see the upgrade of the road link joining Kenya with neighbouring Uganda. Work on the Mombasa to Nairobi highway is starting on a 42km stretch between Mombasa and Marikani. This work is costing some US$213.4 million and the improved route will feature two lanes in either direction when the work is complete. Meanw
    Read More

Highlighted Content