Kenya receives Sh 11.8 billion loan from Japan for Mombasa Port access roads
Shipping - The government of Kenya has received a Sh11.8 billion loan from the Japanese Government to fund the construction of the second phase of the Mombasa Port Area Road Development project.
Jul 05, 2017: The government of Kenya has received a Sh11.8 billion loan from the Japanese Government to fund the construction of the second phase of the Mombasa Port Area Road Development project.
National Treasury Cabinet Secretary Henry Rotich said that the funds will go towards the high priority project, which is expected to offer easy access to the region, mobility and transportation of goods and passengers.
Rotich added that the project will significantly decongest the city of Mombasa by providing an alternative option to the Likoni Ferry by linking the mainland with Mombasa South Coast.
"It will further complement the ongoing expansion of the Mombasa Port, the proposed development of SEZ and therefore contribute to a higher economic development of the country," he said.
The amount is a follow-up of the Sh28.94 billion loan provided by Japan to fund the project's first phase in 2012.
