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

  • Funding secured for Indonesia road project
    October 12, 2018
    A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.
    Read More
  • New junction designs for Nairobi to cut congestion
    June 30, 2014
    New junctions could cut chronic congestion in Kenyan capital Nairobi – Shem Oirere reports Kenya plans to replace all T-junctions in the country’s capital Nairobi with acceleration and deceleration lanes to address a crippling vehicle traffic regime estimated to consume $580,000 daily. “We will replace the junctions with acceleration and deceleration lanes,” said John Mosonik, the principal secretary in Kenya’s ministry of transport. He said the acceleration lanes, which allow cars joining the main road t
    Read More
  • Bridge of international accord from Russia-China
    May 29, 2018
    A new bridge project joining China and Russia is a sign of international accord between the two nations – Mike Woof writes A new bridge spanning what China calls the Heilongjiang River and which is known as the Amur River in Russia, is a clear sign of an important international accord between the two countries. Discussions over the bridge project were first started between China and Russia in the 1980s, with both nations seeing many changes in leadership since that time. But while the political discussion
    Read More
  • Ethiopia’s rapid road building
    December 10, 2015
    Ethiopia is undergoing a rapid economic growth and infrastructure construction programme. This is helping drive the country’s economy, with new roads, railways and dams amongst the major civils works currently under construction. The road expansion programme is one of the key targets for the infrastructure work and it is estimated that road network of the country will be expanded to 136,000km in all.
    Read More

Highlighted Content