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    African Development Bank (AfDB) Approves KSh23.8 Billion Loan for Expansion of Kenya’s Great North Road

    Eunniah
    By Eunniah Mbabazi
    - October 07, 2019
    - October 07, 2019
    Kenya Business news
    African Development Bank (AfDB) Approves KSh23.8 Billion Loan for Expansion of Kenya’s Great North Road

    African Development Bank Group (AfDB) has approved a loan of about KSh23.8 billion to fund the expansion of Kenya’s Great North Road.

    Other financers of the project are the Kenyan government; which will cover 19 percent of the total cost, the Africa Growing Together Fund, set up by the Bank and the People’s Bank of China; which will cover 12% of the total project cost.

    African Development Bank will cover 69% of the total project cost which is estimated at KSh29.3 billion.

    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, benefitting about 1.15 million people among them manufacturers and traders.

    The Great North Road is set to ease traffic between Nairobi and the Central Kenya and Eastern Kenya towns.

    See Also:

    Somalia gets $28.8M AFDB funding for road and water supply projects

    Construction of 460km Kenya-Tanzania Highway to Begin in 2020 – AfDB

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