04 April 2009

Now This Is What I'm Talking About!

Now this is something I can get behind. Money will be making it to the Western Province in pavement. The terrible roads will be fixed that are littered with potholes. This will make my life better when traveling in any car along the tarmac, but will more importantly give a rest to the cars that take a beating. There are some vital farms in this area that can be helped by improved road conditions.


World Bank approves $333 million for Kenya projects

Fri Apr 3, 2009 10:18am GMT
 
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By Daniel Wallis

NAIROBI (Reuters) - The World Bank approved $253 million in funding on Friday to help Kenya upgrade a crucial but pot-holed highway connecting its capital with neighbouring Uganda and much of central Africa.

The move increases the Bank's support for the Northern Corridor Transport Improvement Project (NCTIP) to $460 million. Initial financing of $207 million for the scheme was agreed by the Bank's Executive Board in June 2004.

"These extra resources will enable Kenya to rehabilitate key sections of the northern road corridor between Nairobi and the Ugandan border," Johannes Zutt, the Bank's country director for Kenya, said in a statement.

"This road is not just important for western Kenya, but is also a vital trade link for neighbouring landlocked countries, including Uganda, Rwanda, Burundi, the eastern Democratic Republic of Congo and southern Sudan."

Kenya is east Africa's biggest economy and an important business and transport hub for a big chunk of the continent.

But the country's rapid economic growth over the last five years has caused traffic congestion in cities and severe bottlenecks along the northern corridor that have delayed goods and raised the cost of doing business across the whole region.

Destruction of parts of the transport system during last year's Kenyan post-election crisis worsened these problems.

The whole project will cost $960 million, to be funded by Kenya's government and the Bank. Other donors including the European Investment Bank, the Nordic Development Fund and the French Development Agency are also providing co-financing.

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