World Bank to loan money for transport improvements in Kenya
28 April 2011
Transport infrastructure in Kenya is set to be improved thanks to a multi-million dollar loan from the World Bank, Reuters reports.
The financial body has revealed that it will be lending $300 million (£180 million) to improve roads in the western part of the African nation and the runway at the international airport in the port city of Mombasa.
According to the bank, the road which has been earmarked for upgrades links Kenya to Sudan and Tanzania and the improvements will help to boost trade in the region.
"This project will [open] up trade and investment opportunities for Kenya and the wider East African region," Johannes Zutt, World Bank country director for Kenya confirmed.
It comes after the Daily Nation reported that work on Kenya's Thika super highway is set to be completed by the end of 2011.
The 27 billion Kenyan shillings (£197 million) scheme has a finish date of December after overcoming a number of problems.