Kenya and Japan sign a Sh 11.5 billion infrastructure loan

Kenya and Japan governments have signed a loan agreement of Ksh 11.5 billion for the construction of the Mombasa Port Area Road Development Project. Speaking during the signing ceremony in Nairobi on Tuesday, Treasury Cabinet Secretary, Henry Rotich, said completion of the project will link the Mombasa-Nairobi highway to the Likoni-Lunga Lunga road. The completion of this project will ensure improvement of logistics around the Mombasa port area by constructing roads to connect the port container terminal to the East African Northern Corridor, said the CS.

Rotich added that the project will also oversee the construction of the Mombasa Southern Bypass, stimulate the local economic and social development and the neighbouring East African countries. He further added that the project will construct roads and bridges that are expected to reduce the travel time between northern and southern part of Mombasa. Another agreement of approximately Kshs 2.43 billion has also been endorsed for the construction of the second phase of the Nairobi-Dagoretti Corner road. The project will include, expansion of the 3.4 km Ngong road, provide traffic signals and street lights to mitigate traffic congestion, stated the CS. Rotich further confirmed that part of the funds will be used to expand the Mwea Irrigation scheme, geothermal power plant and to improve the infrastructure in the education sector. Japanese Ambassador to Kenya, Toshitsugu Uesawa, confirmed that about Kshs 280 million worth of grant has been set aside for the purchase of patrol motor boats to boost security along the Kenyan marine coast and Lake Victoria. I expect that the patrol boats will be active in the effort of securing regional peace and stability, said Toshitsugu. The envoy lauded Kenya- Japan cordial relations that has seen the Japanese contribute over Kshs 513 billion in infrastructure projects since 1964. By Jeffrey Keya and Hope Wangui

Source: Kenya News Agency