Skip to main content

Uganda-Kenya road link finds funds

Funding for improvements to a major road connection between Kenya and Uganda will be provided by the African Development Bank (AfDB). In all US$253 of financing will be provided for the road improvement work to the 118km stretch of road. The Kenyan side of the project will receive funding worth $147 million while the Ugandan side will receive $106 million. This will pay for close to 90% of the costs associated with the project, with the remainder being paid for by the Kenyan Government and the Ugandan Gover
May 3, 2017 Read time: 1 min

Funding for improvements to a major road connection between Kenya and Uganda will be provided by the 1586 African Development Bank (AfDB). In all US$253 of financing will be provided for the road improvement work to the 118km stretch of road. The Kenyan side of the project will receive funding worth $147 million while the Ugandan side will receive $106 million. This will pay for close to 90% of the costs associated with the project, with the remainder being paid for by the Kenyan Government and the 1073 Ugandan Government for the respective sections in their territory. Included in the work will be a bypass around the Kenyan town of Eldoret.

For more information on companies in this article

Related Content

  • Loans secured to pay for Argentina road projects
    May 13, 2019
    Financing in the shape of loans will help fund six PPP road projects in Argentina. Loans worth US$200 million and are being supplied by IDB Invest, a division of the Inter-American Development Bank (IADB). In all syndicated loans worth $900 million have been amassed from a number of banks and funding institutions to help pay for the projects. However the road projects are expected to cost in the order of $6 billion in all.
  • Costa Rica road upgrade will cost
    September 20, 2021
    A key Costa Rica road upgrade will be costly.
  • Southern Germany tunnel project mooted
    March 23, 2017
    Plans have been drawn up for a new road tunnel in the German town of Oberau, located to the south of Munich in Bavaria.
  • Sri Lanka expressway funding solution
    February 7, 2017
    Sri Lanka’s of Central Expressway project is well underway, with Phase II now being planned, Funding worth close to US$154.4 million is being delivered jointly by the People's Bank and the National Savings Bank in the shape of loans. The Section II of the project will measure nearly 40km in length and will run between Meerigama and Kurunegala. As much of this section of the route is on comparatively flat terrain, the work is expected to be less challenging from a technical viewpoint than other stretches pla