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- Operations
- Dundori Olkalou Njabini Road (Supplementary Loan)
Dundori Olkalou Njabini Road (Supplementary Loan)
Kenya
Borrower | Kenya |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Transportation |
Approved | 17.12.2009 |
Signed | 23.03.2010 |
Status | Completed |
Loan Administrator | BADEA |
Executing Agency | Ministry of Roads |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 10.00 |
Total Project Cost (US$m) | 23.70 |
In 2006, OFID approved a US$10m loan to upgrade the 100 km-long earth-surfaced Dundori–Olkalou–Njabini Road. Although more than three-quarters of the construction works have been completed, cost overruns have occurred as a result of escalating prices for construction materials and fuel. This loan will help cover this gap and enable the project to achieve its original goals; namely, to help boost tourism and provide another link to Nairobi’s international airport and the port city of Mombasa. This will, in turn, help facilitate the export of local produce and improve access to social services for the area’s 500,000-strong population.