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Title:
Kenya - Nairobi-Nakuru-Mau Summit Highway
Detail:
The proposed Nairobi-Nakuru-Mau Summit highway project is part of Government of Kenya’s (GoK) First Mover Public-Private Partnership (PPP) program. The project is procured as a 30-year PPP concession for improvement and upgrade of two main highways in Kenya - A8 and A8 South, mainly located in the Kiambu and Nakuru counties. The project comprises: i) widening of the 175km four-lane dual carriageway and Operation & Maintenance of the existing A8 road from Rironi to Mau Summit and ii) strengthening and O&M of the existing 57.8 km 2 lane A8 South from Rironi to Naivasha. The Bank has taken the E&S Coordinator role (with IFC) for this project. It is considering to provide a senior loan of up to USD150 million (UA107million) ADB NSO loan with a 20-year tenor and 3.5 years (42 months) grace period during construction. The project primely contributes towards climate Adaptation result. As such 10% of the total approval is attributed as climate finance, out of which 15 million USD is adaptation finance.
Country:
Kenya
Source:
African Development Bank Group
Published Date:
13.07.2022
URL:
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Regions:
Africa Sub-Saharan Africa
Sectors:
Construction Energy-Power and Electrical
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