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

  • New Sudan link will boost economic development
    February 21, 2013
    South Sudan’s new showpiece road has reduced travelling times and improved access to markets and basic services. Shem Oirere reports Bituminous surface treatment is common for highways with low-traffic or for the rejuvenation of a weakening asphalt concrete pavement. But this is what the 192km Juba-Nimule Highway in the world’s youngest nation, South Sudan, needed in its reconstruction to bring it to international standards. Commissioning of the highway effectively erases the tag ‘landlocked’ from South Su
    Read More
  • Kenya highway upgrade includes paving plan
    December 12, 2016
    Kenya’s Lower Eastern Region is set to benefit from a major upgrade being carried out. The project is costing close to US$182 million and involves laying an asphalt surface on a 192km road connecting the towns of Kibwezi, Ikutha, Mutomo. Kitui, Kabati and Migwani. The project is of key economic importance to the region and will help trade and transport along the route. Rural road reconstruction is a key target for Kenya’s Government in its plan to develop the country economically. Redeveloping the road will
    Read More
  • East Africa's new connection
    April 30, 2012
    A new US$743 million road project now looks set to go ahead that will radically improve transport connectivity between Kenya and Ethiopia. The government of the two countries recently agreed a deal to co-develop a network of roads measuring some 880km in all to connect these neighbouring nations. The Mombasa-Nairobi-Addis Ababa link is expected to take three years to construct and will form part of the Trans-African Highway corridor. The project is being financed with a loan from the African Development Ban
    Read More
  • Japanese funding will help Kenyan infrastructure projects
    May 15, 2014
    Major investment in Kenya’s infrastructure from Japan will help boost the country’s transport connections and develop its economy. One of the key links for Kenya to benefit has been the Nairobi Western Ring Roads Project, which was recently opened to traffic Named the Cotton Road after a Japanese engineer, this new road will help tackle the Kenyan capital’s endemic congestion problems. Endless traffic jams have become the norm in Nairobi, not only impacting negatively on the health and productivity of r
    Read More

Highlighted Content