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

  • Tanzania-Uganda road development funding source
    November 20, 2017
    Preparation work for the improvement of the road connecting Uganda with Tanzania is being provided by the African Development Bank (AfDB). Funding worth US$1.5 million is being given by the AfDB to pay for the preparation work. The new road will connect Masaka in Uganda with Kagera in Tanzania and forms part of a programme to improve connections across East Africa. The road project is being carried out in three separate sections. One stretch measures 133km and runs from Kumunazi, through Bugene to Kasulo in
    Read More
  • Egypt’s road programme is now restarting
    February 20, 2014
    Egypt is developing its road network – local reporting and images by Egypt correspondent Mohammed Elsayed Tantawy. Egypt is now gearing up its road construction activity, with a view to reducing congestion and improving traffic flow. The country’s main highway connecting capital Cairo with the port city of Alexandria has already seen a major widening programme, but other important routes are also now being upgraded and improved. The road development programme started in earnest some years ago but was delaye
    Read More
  • EBRD financing for Albania and Kosovo
    December 16, 2020
    Financing from the EBRD will pay for works in Albania and Kosovo.
    Read More
  • New African infrastructure roadmap
    February 9, 2012
    An ambitious plan to boost transport infrastructure in Africa is being unveiled at the inaugural Africa Roads & Rail Infrastructure Summit 2010 is being held in Kigali, Rwanda from 22nd-23rd April. International transport specialists will focus on the region along with key decision makers from African governments, the World Bank and economic communities.
    Read More

Highlighted Content