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Browsing: Kenyan roads
Infrastructure development continues to be a vital driver of foreign direct investment (FDI) since logistics are so necessary for global business development, mainly e-commerce, which is now a significant generator of income and jobs at home and abroad.…
The African Development Bank (AfDB) has approved the financing of Kenya’s north link road which when combined with the current section will make it the longest expressway in the country.
The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from Africa Growing Together Fund, set up by the Bank and the People’s Bank of China in 2014. The remaining 19% will be financed by the Kenyan government.
The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass and is due for completion in 2025. The new road will enhance traffic flow between the port city of Mombasa and major centers like Nairobi. It will also ease transport between Nairobi and the Mount Kenya region; and ultimately Ethiopia.
The existing section, also funded by …