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China EXIM Bank provides $140 million for construction of port in Kenya
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Kenya |
| Country | Kenya |
| Start Date | Jan 01, 2017 |
| End Date | May 21, 2027 |
| Duration | 3,792 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 52927 |
Grant Description
China EXIM Bank provides $140 million for construction of port in Kenya CGTN Africa, a media network owned by the Chinese government, reported as late as 2019 that the Export-Import Bank of China loaned $140 million USD to Kenya in 2017 for the construction of a modern port facility in Kisumu. No official sources state a loan agreement with the Export-Import Bank of China was finalized.
Construction of the port is expected to last 18 months. As of August 2019, the port was still under construction. When complete, the port will be leased to sub-operators under an agreement with the Kenya Ports Authority. Loan details are unknown.
Sources & References
- Kenya
- Uganda to sign joint SGR financing pact in Beijing
- Kenya: New Kisumu Port to Operate Under Lease
- New Kisumu port to operate under lease
- Kisumi port set for facelift
- New port in Kisumu: Is it (still) good idea?
- Beijing visit paves way for Sh350bn Kisumu SGR loan
- Kenya to construct a US $140m port in Kisumu County
- 肯将新建基苏木湖港
- Revamped port set to revive trade in the Lake Basin Kisumu
- Kenya
- Kenya is planning to sink $140 million into a new port at Kisumu as it moves to breathe new life into the lakeside city
- Kisumu Port facelift enters final phase Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Kenya
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