The Kenyan Government has ambitious plans for road infrastructure development. The country’s new road expansion programme will be funded in part by commercial banks and other financial institutions, which will provide some US$2.93 billion. This will help pay for the three year road construction programme. The Kenyan Government aims to negotiate for loans from financing institutions with the funds then being provided to contractors to construct and maintain roads. The first phase of the programme will be to
The Kenyan Government has ambitious plans for road infrastructure development. The country’s new road expansion programme will be funded in part by commercial banks and other financial institutions, which will provide some US$2.93 billion. This will help pay for the three year road construction programme. The Kenyan Government aims to negotiate for loans from financing institutions with the funds then being provided to contractors to construct and maintain roads. The first phase of the programme will be to build 5,000km of roads. More than 100 Expression of Interest bids have been opened for the public private partnership project.
