- Government Kickstarts Sh8.1 Billion Equalisation Fund Projects across 34 Counties
- Tanzania Signs $35 Million Deal for Jangwani Bridge Project Construction
- Multi-Billion Road Project Set to Boost Thika’s Industrial and Economic Prospects
- Tanzania's New $5 Billion Administrative Capital: Magufuli City Underway
- Construction Begins on Tanzania's Multibillion 22-Storey Twin Towers in Nairobi
- 2024-25 Budget Speech Highlights the Growth and Priorities of Tanzania's Construction Sector
- More Than 19 Companies To Represent 'Saudi Made' At BUILDEXPO Africa 2024
- Record breaking figures at Kenya's biggest construction trade exhibition
- Kenya Unveils $2 Billion Plan for New Nairobi Airport Project amid Growing Pressure on JKIA
- Tanzania Gives Go-Ahead to Massive Sh80.85 Billion Mbamba Bay Port Construction Project
3000 km of roads to be constructed in Kenya
The government of Kenya will construct 3,000 Km of roads during the initial phase of planned construction of 10,000 Km of road networks launched earlier this August.
An updated report from the Ministry of Transport and Infrastructure indicates that the 3000km is an upgrade from the initial 2000km earlier planned for the Phase I construction. The 3000 kilometers of roads will either be built or rehabilitated in 45 lots during the first phase of the project.
The roads will be constructed under the annuity where contractors are assured of constant flow of cash through loans from local banks while they design, construct and maintain the roads. Treasury will then repay the loans over a period of eight years in equal installments (annuity), starting from the time the construction works are concluded.
Through this annuity model, the government will be able to transfer construction, operation and maintenance risks to the private sector where all this work was initially being performed by the state.
The multibillion project is being undertaken by the Kenya Urban Roads Authority (KURA) and the Kenya National Highways Authority.
The project is expected to start in December to enhance connectivity, promote trade and attract investment by reducing the cost of doing business. The construction works for the roads is expected to be finalized by 2017. The total cost of the project has been put at US$ 3bn.
Source : constructionreviewonline.com
Posted on : 30 Nov,-0001
Buildmart is Africa's leading directory and market news website for the building and construction industry | Kenya | Tanzania | Rwanda | Ethiopia
Exhibitions In Africa
- 26th Buildexpo Kenya 2025
KICC, Nairobi, kenya
16 - 18, July 2025 - 10th Afriwood Kenya 2025
KICC, Nairobi, kenya
16 - 18, July 2025 - 10th LightExpo Kenya 2025
KICC, Nairobi, kenya
16 - 18, July 2025 - 09th Minexpo Africa 2025
KICC, Nairobi, Kenya
16 - 18, July 2025 - 26th Buildexpo Tanzania 2025
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
24 - 26, Sep 2025 - 09th Afriwood Tanzania 2025
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
24 - 26, Sep 2025 - 09th LightExpo Tanzania 2025
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
24 - 26, Sep 2025 - 09th Minexpo Tanzania 2025
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
24 - 26, Sep 2025