Kenya-Tanzania connection partial funding found

A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.
October 13, 2017 Read time: 1 min
A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The 1586 African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured. The AfDB is looking for an additional investor to assist in providing the remaining sum required. The funding package from the AfDB board will take until mid-2018 to finalise. Construction work is planned to commence at the end of 2018. The new route will connect Malindi in Kenya with Bagamoyo in Tanzania and will measure 445km in all. Upgrade work will be carried out to improve the 215km of surfaced road in Kenya while the 230km of gravel road in Tanzania will benefit from an asphalt surface as part of the improvement works.
Finance & Funding

For more information on companies in this article

Related Content

  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight
    Read More
  • Construction materials and road design in East Africa
    June 25, 2013
    An envisaged shortage in the supply of angular rock or crushed stone in Tanzania and a determination to conserve the environment by Kenyan authorities dictated the engineering design of a multi-national road linking the two largest economies in Eastern Africa. Shem Oirere reports The cost of buying crushed stone or hiring a site for mining the material and the expenses of moving it from the crushing site to the project area, saw designers opt for an intermediate alignment and discarding of the inner and out
    Read More
  • Financing secured for Tanzania road project
    March 11, 2019
    Upgrade work will be carried out on a road in Tanzania’s Kigoma Region now that financing has been secured. A loan worth US$257.7 million from The African Development Bank (AfDB) will help finance the work. The 260km road connects Manyovu with Kabingo and the work is expected to take 36 months to complete. The work is important as it will provide better transport to an area of Tanzania that has suffered from poor connectivity in the past.
    Read More
  • Kenya/Tanzania’s US$ 262.2mn transborder road
    April 23, 2013
    More than US$260 million will be spent on creating a 157.5km-long link road between Kenya and Tanzania. Of the total with $262.2 million project cost, the African Development Bank (AfDB) has offered a loan of $232.5 million, while the Africa Trade Fund will provide a trade grant of $740,000. The governments of Kenya and Tanzania have pledged $12.3 million and $15.6 million respectively. The project consists of a stretch between Voi and Taveta, Kenya as well as another between Holili and Arusha, Tanzania, an
    Read More

Highlighted Content