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.

Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Funding programme for Sri Lankan rural roads
    November 21, 2019
    A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.
    Read More
  • Italian highway deals moving ahead
    January 21, 2022
    Important Italian highway deals are moving ahead.
    Read More
  • Kazakhstan highway being handled by consortium
    February 12, 2018
    An international consortium has been formed that will handle a major highway project in Kazakhstan. Worth US$730 million, the consortium’s contract is to build and operate a new tolled ring road around the capital, Almaty. The construction consortium comprises the Turkish contractors Alarko and Makyol, SK Engineering & Construction and Korea Expressway. The funding package for the project meanwhile is being provided jointly by the International Finance Corp and European Bank for Reconstruction and
    Read More
  • Major road investment for Kenya
    June 4, 2014
    In Kenya a major road building programme has been announced. The Kenyan Government has unveiled plans to construct some 10,000km of roads. The work will be carried out in three phases over a period of five years. The first phase will involve building some 2,000km of roads, with this work being carried out from 2014-2015. The second phase will be substantially larger with a target of 5,000km of new roads being built in the 2015-2016 period. For this second phase, 20% of the roads will be new highways while 8
    Read More

Highlighted Content