- 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
- KeNHA Unveils Strategic Sh394 Billion Plan to Construct Major Highways in Kenya
- Ruto’s Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya
- Tanzania's Modern Industrial Park Project on Course with 3.5 Trillion Investment
- African Development Bank Greenlights $696.41 Million for Phase 2 of Tanzania-Burundi-DRC SGR
AfDB approves US$228 million for rehabilitation of strategic Kenya-Tanzania link road
The African Development Bank (AfDB) has approved a US $228 million loan to the Government of Kenya to rehabilitate the 172-kilometre road linking the town of Isebania on the border of Tanzania with the town of Ahero, an axis located southeast of Lake Victoria. According to a news release posted on the AfDB website, the renovation of this route will facilitate trade between Kenya and Tanzania, while the social aspects associated with the project will accelerate the socio-economic development of the regions along the road, benefitting nearly two million people.
The Isebania-Kisii-Ahero Road forms part of the Sirari Corridor, a major trade and transit route linking Tanzania, Kenya and South Sudan. It serves as the main trade route between Mwanza port (Tanzania), Kisumu port (Kenya), and onward to Juba (South Sudan).
The project is estimated to cost US $280.26 million, and is co-financed by the African Development Bank Group (81.4%), EU-Africa Infrastructure Trust Fund (4%), and the Government of Kenya (14.6%).
To find out more about the construction industry in Kenya, click here to view ConstructAfrica's Kenya Construction Market Report.
Source: www.constructafrica.com
Posted on : 04 Apr,2016
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