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

  • Costa Rica road project facing challenges
    April 28, 2021
    An important Costa Rican road project is facing serious challenges.
    Read More
  • Road rebuilding and rehabilitiation revitalising Rwanda
    October 4, 2013
    In Rwanda a road rehabilitation project will see the rebuilding of the route connecting Huye and Kitabi. The work on the 53km road will be supervised by Rwanda’s Ministry of Infrastructure and is due for completion by 2017. A loan worth SU$10 million from the Arab Bank for Economic Development (Badea) will help to finance the work on the road, which lies in Rwanda’s Southern Province. Badea is a financial institution owned by 18 Arab countries members of the League of Arab States (LAS). In all, the project
    Read More
  • Indonesia road funding found for two highways
    June 27, 2016
    Financing looks to have been secured for major tolled highway projects in Indonesia. These highways are the 129km Pekan Baru-Dumai route, which forms part of the Trans-Sumatra highway, the 60.5km Cileunyi-Sumedang-Dawuan (Cisumwadu) road and the 39km Manado-Bitung route. A loan from the Asian Infrastructure Investment Bank (AIIB) worth some US$370.2 million is expected to provide around half of the financing required for the Pekan Baru-Dumai route. Meanwhile loans worth a total of $300.2 million from the Ex
    Read More
  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
    Read More

Highlighted Content