Kenya and Tanzania will benefit from African Development Bank (AfDB) €345 million financing package for road construction support representing 78.5% of the total €399.7 million project cost.
Furthermore, AfDB says that the projects will touch over three million citizens in Tanzania and Kenya.
In Kenya, the bank supports Mombasa-Lunga Lunga/Horohoro road with the European Union (EU) contributing a grant of €30 million, 7.7% of the total project cost to GoK.
On the other hand, the funds will fund phase I of the Tanga-Pangani-Bagamoyo road in Tanzania.
This first phase involves the construction of 175 km of road sections: the 121 km Mkanga-Pangani road section in Tanzania and the 54 km Mombasa-Kilifi road section in Kenya.
Furthermore, the project will also link the ports of Dar es Salaam, Tanga and Mombasa, and stimulate the blue economy in coastal areas.
East African transport corridors network, connecting Kenya and Tanzania will benefit producers, manufacturers and traders, farmers and fishermen with improved access to local and regional markets.
Moreover, there are spillover benefits for landlocked countries Democratic Republic of the Congo, Burundi, Rwanda, Uganda and South Sudan that depend on Mombasa as gateway to global markets.
The road crosses regions with high rates of youth unemployment. In light of this, the project includes a vocational training component for 500 unemployed youth (half of them women) to acquire marketable skill and improve their economic prospects.