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    Kenya to begin work on Transnational Road link with Tanzania

    Jackson
    By Jackson Okoth
    - February 02, 2022
    - February 02, 2022
    African Wall StreetInfrastructureKenya Business news
    Kenya to begin work on Transnational Road link with Tanzania

    Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road.

    The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor which is a transnational highway between Kenya and Tanzania

    Once completed, the project will create demand for hospitality facilities at the border entry points and cater for travelers.

    It will also promote property values in Mtwapa and Kilifi, attributed to increased demand and ease of accessibility.

    Kenya to spend KSh 41.7 Billion on the entire project

    The project is estimated to cost KSh 41.7 billion. The primary source of funds is the African Development Bank (AfDB), which approved a KSh 38.4 million financing package for the project in 2020.

    The European Union contributed a grant of KSh 3.3 billion.

    Once completed, the government expects the project to create demand for hospitality facilities (hotel and accommodation) at the border entry points to cater for travelers who might need motels and other accommodation facilities along the way.

    The project will support inter-country trade between the two countries by easing transport.

    The Government has continued to launch various infrastructural projects throughout the years to make Kenya a regional hub for East Africa.

    Some of the critical ongoing projects include the Nairobi Expressway and the Western bypass.

    ALSO READ: Kenya & Tanzania Lift Barriers on Cross Border Trade, Ink Gas Pipeline Deal

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