Kenya secures KES10B funding for Outering Road revamp
19 November 2013, 14:00
Nairobi - The Board of the African Development Bank (AfDB) has
confirmed the approval of US$120 million financing for the Nairobi Outer Ring
AfDB Regional Director for Eastern Africa, Mr. Gabriel
Negatu confirmed the financing as a mix of grant and loan from the Africa
Development Fund (ADF), with the Government of Kenya as the counterpart
financier of the project whose total cost in US$130million.
“The Africa Development Bank Group will provide 89.8
percent financing for the total project through Africa Development Fund (ADF)
loan of US$115.9million and a grant of US$5million. We believe that this road
will not only reduce the travel time from the current 45 minutes to 15 minutes,
but will also transform the socio-economic welfare of the people living along
the transport corridor,” the Director said.
The 13-kilometer project, on completion is expected to
directly enhance the traffic circulation and eliminate traffic bottlenecks to
various economic activity centers such as the industrial zone, and the vast
populous residential areas of Eastlands.
Negatu pointed out that the key outcomes of the project,
which involves the improvement of the existing single carriageway road to a
2-lane dual carriageway complete with service roads, grade separated
intersections, pedestrians–foot-over bridges, walkways and cycle tracks over
the entire length of the road, will include improved property values arising
from reduced congestion, and improved business environment for informal traders
owing to access to new market facilities and improved sanitation.
The road traverses Nairobi’s East and North districts
serving an estimated population of at least 2.2 million representing some 70
percent of the Nairobi County population. Other beneficiaries include users of
major city connecting arterial roads of: Nairobi-Thika highway, Eastern Bypass,
Northern Bypass, Mombasa Road, and onto the Jomo Kenyatta International Airport
Other complementary civil works elements include: 250
market stalls and associated sanitary facilities, planting of 4 500 trees along
the corridor, children’s traffic safety park, and three wellness centres for
HIV/AIDs and related illnesses.
It is further estimated that by improving the
existing road, the annual vehicular GHG emission rates in tones in the corridor
would drop by at least 70 percent due to improved average traffic operating
speeds along the project corridor particularly, with the integration of the Bus
Rapid Transit System as envisaged by the year 2022.
“Our approach to this and every project that we have
undertaken is guided by our commitment as a Bank to realize inclusive and green
growth in Africa. Under this project, at least 500 disadvantaged youth from the
informal settlements will gain from artisan training program aimed at enhancing
their skills to assure long-term gainful employment thereafter,” Negatu added.
AfDB previously financed the successful completion of the
50km Thika Superhighway, which was jointly financed by the Republic of China
and Government of Kenya. Outer Ring Road project brings to 63 the kilometers of
roads financed by the Bank within the Nairobi metropolitan.
– CAJ News