AfDB has $115m for Nairobi road
19 mai 2014
East African Business Week
The African Development Bank (AfDB) is set to finance nearly 90% of the $130 million Nairobi urban road improvement project by way of a $115.9 million loan.
Another $5 million will be made available as grants. The Nairobi Outer Ring Road, which serves as a major arterial road for the city´s north and east districts, will be improved.
According to the Kenya Urban Roads Authority, (KURA), the objective of the project is to improve the existing Outer Ring Road into a dual carriageway in a bid to expand its traffic carrying capacity and address congestion.
The project will also provide social infrastructure such as market stalls for the informal traders (most of whom are women) and Wellness centres to address HIV/AIDS and related illnesses.
KURA states the project will also serve to enhance economic efficiency through improved mobility and accessibility to businesses.
In this way it will support economic development and foster inclusive growth. However the core intention is easing the current traffic bottleneck experienced in Eastlands while connecting to the Thika Superhighway to Mombasa Road and Jomo Kenyatta International Airport (JKIA).
KURA sees the project as a way to transform Eastlands in Nairobi County into a modern satellite with less traffic congestion while giving it a new look.