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

  • Ethiopian Roads Authority (ERA) picks Spanish, Chinese contactors
    October 22, 2014
    The Ethiopian Roads Authority (ERA) has contracted out two major road projects to Spanish and Chinese companies. China Hunan Hunda Road & Bridge Construction will build the 111.3km Merkote-Delbo junction-Alaba-Sodo road under a contract worth around US$50 million (€39.12 million). Completion is within two and a half years. Spanish joint venture UTE Elsameks Eco Asphalt Ethiopia 35 will handle the 63km Ambo-Welliso project. Completion is due in three years, with funding of around $59 million from the W
    Read More
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Ghana bridge project receiving Japan loan
    December 8, 2016
    A loan of US$100 million will help pay for a bridge spanning the Volta River in Ghana.
    Read More
  • Road rebuilds planned for south east Nigeria
    April 18, 2018
    Work is starting in Nigeria for a major upgrading project of the dual carriageway connecting the cities of Aba and Port Harcourt. Situated in the south east of the country, the road link provides an important connection both to and from Port Harcourt. In recent years the road has become extremely potholed, so much so that heavy trucks have switched to other routes instead. This is a major problem as Port Harcourt is one of Nigeria’s key industrial cities. The plans call for the reconstruction of the route
    Read More

Highlighted Content