Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Monday, May 23, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
www.theexchange.africa

Presients Samia Suluhu of Tanzania and President Uhuru Kenyatta of Kenya. Photo: Standard Media.

Kenya, Tanzania trade to increase with 40km Transnational Highway dualling

Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road

by Wanjiku Njugunah
February 6, 2022
in Infrastructure, Kenya, Tanzania
0
Share on FacebookShare on LinkedIn
  • Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road
  • The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor development project, which is a transnational highway between Kenya and Tanzania
  • Once completed, the project will create demand for hospitality facilities at the border entry points and cater for travellers 
  • It will also promote property values in Mtwapa and Kilifi, attributed to increased demand and ease of accessibility

Kenya road project Mtwapa Kilifi

Kenya national government has begun the documentation processes for the dualling of the 40 Kilometre project Mtwapa-Kilifi Road.

The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor development project, a transnational highway between Kenya and Tanzania.

The project is estimated to cost KSh 41.7 billion. The primary source of funds is the African Development Bank (AfDB), which approved a KSh 38.4 million financing package for the project in 2020.

The European Union contributed a grant of KSh 3.3 billion.

Once completed, the government expects the project to create demand for hospitality facilities (hotel and accommodation) at the border entry points to cater for travellers who might need Motels and other accommodation facilities along the way.

It will also promote property values in Mtwapa and Kilifi, attributed to increased demand and ease of accessibility.

The project will support inter-country trade between Kenya and Tanzania by promoting transport ease.

The Kenyatta administration has continued to launch various infrastructural projects throughout the years to make Kenya a regional hub for East Africa.

Some of the critical ongoing projects in Kenya include the Nairobi Expressway and the Western bypass.

According to economic analysts, the projects have been supported by the increased budget allocation to the infrastructure sector, alongside other strategies by the government to fund infrastructural projects.

These include issuing infrastructure bonds and project partnership strategies such as joint ventures and public-private partnerships.

In the FY’2021/22, the infrastructure sector received KSh  182.5 billion budget allocation, a 0.6% increase from the KSh 181.4 billion allocations in FY’2020/21.

“We expect an increase in the budget allocation for the infrastructure sector to Kshs 211.4 billion in FY’2022/23, 15.8% higher than the Kshs 182.5 billion allocation in FY’ 2021/22 according to the 2022 Draft Budget Policy Statement,” said an analysis by Cytonn Investments.

Construction of $751.2 million Kenya-Tanzania Highway to begin in 2019

Kipevu Oil Terminal

The dualling of the road comes barely a month after President Uhuru Kenyatta expressed satisfaction with the progress of the Nairobi Expressway.

When he inspected the project, Kenyatta said that when complete in March this year, the 8-lane elevated dual carriageway will significantly decongest Mombasa Road and reduce travel time between Mlolongo and Westlands to 20 minutes.

During the inspection visit, Kenyatta laid the final box girder bridge a year after the first was laid on 26th December 2020.

Kenya road project Mtwapa Kilifi
The ongoing KSh 40 billion new Kipevu Oil Terminal. Photo: State House Kenya.

“It is a proud moment for us as Kenyans as we are here today witnessing the laying of the last of these girders that are linking this new superhighway, the Nairobi Express Way,” the President said.

Constructed under a Public-Private Partnership (PPP), the President affirmed Kenya’s commitment to continue working with the Chinese government, which he said continues to be Kenya’s key development partner.

“Our partnership with China is mutually beneficial, that is based on win-win, and we are very grateful to the Chinese Government and people for the support that they continue to render not only our country but to the rest of Africa,” President Kenyatta said.

Kenyatta said the expressway had created over 6,000 direct jobs benefitted 200 sub-contractors and hundreds of other local suppliers of building materials such as steel, sand, cement and ballast.

“I want to thank everybody, the Ministry, the contractor, the Chinese Government, security agencies who have ensured that people can work on a 24-hour basis, NMS and all those who have been involved,” President Kenyatta said.

Kenyatta said that the expressway was among the many ongoing road construction projects in Nairobi, totalling over 420 kilometres.

“The difference that has been occasioned by road building, drainage and sewage being put in, I believe that within another two years Nairobi will be a truly 21st Century city, catering for its population in a positive manner and a manner befitting our people,” the President noted.

CS James Macharia said the expressway is just one of several Nairobi link roads lined up, noting that a similar project to connect Mlolongo to the Machakos turn-off, a distance of 20 kilometres, was underway.

“After we finish this project, James Gichuru 27 kilometres, there are another 25 kilometres to Rironi,” CS Macharia said.

Kenya to start construction of double decker highway as World Bank consents to funding

Tags: FeaturedKenya Tanzania BorderTransnational highway

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Wanjiku Njugunah

Wanjiku Njuguna is a Kenyan-based business reporter with experience of more than eight years.

Related Posts

Growth in employment earmarks Kenya's post-pandemic economic recovery. www.theexchange.africa
Countries

Growth in employment earmarks Kenya’s post-pandemic economic recovery

May 11, 2022
www.theexchange.africa
Banking

Kenya: Business conditions worsen as customer demand declines

May 9, 2022
www.theexchange.africa
Business

Kenya: President Kenyatta Increases Minimum Wage by 12 Per Cent

May 2, 2022
Next Post
AltSchool Africa in Nigeria. AltSchool provides a solution as an online school with a curriculum to improve/upskill non-technical people with technical and soft skills. www.theexchange.africa

Nigerian firms rush to meet demand for software engineers across Africa

Africa Price for Engineering Innovation entrepreneurs. www.theexchange.africa

Africa's best innovators snap top engineering prize

www.theexchange.africa

Amitruck receives US$4 million for expansion across Africa

Please login to join discussion




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In