Kenya bags $286 mln loan for Kiambu dual carriageway project
24 April 2023Kenya has secured a 38.3 billion Kenyan shillings ($286 million) loan from China to expand Kiambu Road into a dual carriageway, according to a local media report.
The project will be funded by the government in partnership with the China Exim Bank, which funded the Mombasa-Naivasha standard gauge rail line, Business Daily newspaper reported, citing Roads Principal Secretary Joseph Mbugua.
The Kenya Urban Roads Authority signed a memorandum of understanding with China's Sinohydro Corporation for construction of the 25-km dual carriageway, which will run through Muthaiga, Kiambu, to Ndumberi.
The concept notes, feasibility studies, preliminary engineering designs, and environmental impact assessment have been completed and submitted to the treasury, Mbugua stated.
The project implementation timelines will be finalised after regulatory and funding approval clearances are received, the report said.
Related
-
Uganda To Focus On Road Maintenance Over New Build
27 April 2024
-
Nigeria to build $2bn coastal highway from Lagos to Calabar
27 April 2024
-
Housing Project Launched At Kenya's Naivasha SEZ
26 April 2024
-
Maputo BRT Feasibility Study Nears Completion
26 April 2024
-
Uganda Seeks Loan Approval For Kitgum-Kidepo Road
25 April 2024
-
Eurowind secures funding for 48 MW wind farm in Romania
25 April 2024