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1.0.23

Kenya Govt Secures Sh 155 Billion Funding for SGR Phase Two

The Kenyan
By The Kenyan Wall Street
- May 03, 2017
- May 03, 2017
Kenya Business news
Kenya Govt Secures Sh 155 Billion Funding for SGR Phase Two

The  Kenyan Government has secured Sh 155 Billion Funding from the Exim Bank of China for the construction of Phase Two of the 490Km Standard Gauge Railway (SGR).

The project will be constructed by the China Road & Bridge Construction Company and will traverse Naivasha, Narok, Bomet, Nyamira, Kisumu, Yala, Mumias to Malaba. The line will also be linked to Olkaria Geothermal and the Government’s planned Special Economic Zone in Naivasha.

Feasibility studies have already been completed and construction starts in July 2017.

Due to the size of the project, the Mombasa –Malaba section is being developed in two phases Phase 1 Mombasa – Nairobi is already under development having commenced on 12th December 14 2014, and is due to be operational by June 2017.

According to Kenya’s Ministry of Transport, Phase 2 (Nairobi –Malaba) has been divided into three sub-phases as follows:Phase 2A, Phase 2B and Phase 2C.

Phase 2A covers 120 KMs and runs from Nairobi to Naivasha. Phase 2B is 262 KMs and runs from Naivasha to Kisumu including the development of a new high capacity port at Kisumu. Finally, Phase 2C is 107 KMs and runs from Kisumu to Malaba.

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