Thursday, October 13, 2011

Motorists set for smooth ride as roads project nears home stretch

The African Development Bank is set to increase funding for infrastructure projects in the country even as one of its flagship projects — the Nairobi-Thika superhighway — nears completion. This year, it is funding the implementation of at least 25 projects to the tune of $1.5 billion (Sh154 billion) in various sectors including agriculture, environment, energy, water and sanitation. The bank’s country representative, Mr Jeremiah Mutonga, says this is a significant increase in the number of projects they were helping fund in 2006. “At the time, we only had 14 projects in our portfolio worth at least $450 million ($46 billion). The figure has significantly risen to 25 over the years and next year things are looking up,” he told journalists in Nairobi after a tour of the superhighway last week in the company of Kenya National Highway Authority (Kenha) officials. read more: http://www.nation.co.ke/News/-/1056/1254432/-/10ep5s8z/-/index.html

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