Kenya bags $286 mln loan for Kiambu dual carriageway project
24 April 2023
Kenya 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.
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