China Eximbank provides $181.8 million buyer’s credit loan for Nairobi Inland Container Depot (ICD) Yard and Access Road Project

📋 Staff Comments

1. This project is also known as the Construction of Nairobi Icd and Access Roads Project, the Nairobi ICD Yard and Access Roads Project, the Nairobi ICD Yard and Access Roads SGR Project, the ICD Project, and the Inland Container Depot (ICD) at Embakasi in Nairobi Modernization and Expansion Project. The Chinese project title is 建的内罗毕内陆集装箱港.
2. A third access road (Road C) will link ICD to industrial area through Isuzu East Africa.
3. Some sources refer to China Communications Construction Group as another project contractor.
4. The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=05. This $181,887,499.62 loan is not included in the database of Chinese loan commitments that SAIS-CARI released in 2020 and updated in 2021. Nor is it included in the China’s Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
5. The loan identification number in the Government of Kenya’s public debt register is 2017009 (2017009_1).
6. This record has been marked as having evidence of financial distress because it was subject to the Debt Service Sustainability Initiative (DSSI).

📚 Sources & References

• Sound policies, expansion key to realising full benefits from SGR
• 中企承建的内罗毕内陆集装箱港正式启动
• PRESS BRIEFING BY STATE HOUSE SPOKESPERSON
• MANOAH ESIPISU
• ON THE PRESIDENT’S TRIP TO MALTA
• FRANCE AND SOUTH AFRICA
• Kenya launches extended railway's freight service, inland container depot
• Boost for East Africa trade as Kenya commences SGR cargo services
• Kenya’s Nairobi Inland Container Depot ready ahead of SGR Cargo
• ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT REPORT FOR THE PROPOSED INLAND CONTAINER DEPOT NAIROBI ACCESS ROAD LINE A ALONG THE INNER BOUNDARY OF THE NAIROBI NATIONAL PARK
• 进出口银行融资支持的蒙内铁路货运正式开通
• 中企承建的内罗毕内陆集装箱港正式启动
• 郭策参赞出席内罗毕内陆集装箱港移交暨运营启动仪式
• Mongolia - Inner Railway Freight Supported by the Export - Import Bank
• 郭策参赞出席内罗毕内陆集装箱港移交暨运营启动仪式, 2018 Government of Kenya Bond Prospectus
• Deadline set for upgrade of access roads to cargo depot
• Uhuru launches Sh22b upgraded depot, offers 50% discount to exporters
• Belt and Road FAQ
• External-Public-Debt-Register-as-at-End-June-2020.pdf
• Kenya: Hope as New Road Takes Trucks Off Mombasa Road
• NAIROBI ICD & ACCESS ROADS PROJECT
• Chinese-Built Nairobi Inland Container Port Officially Opens
• Kenya borrowed Sh430bn in four months — report
• New road linking Nairobi Inland Container Depot and Southern bypass completed
• EMBAKASI INLAND CONTAINER DEPOT – Kenya Railways
• The National Treasury Public Debt Management Office Summary Statement 2021/2022
• SUMMARY STATEMENT OF PUBLIC DEBT FOR 2020/2021FY IN FOREIGN CURRENCY
• Impact of Electronic Cargo Tracking Systems on Cargo Security: A Case of the Inland Container Depot at Embakasi
• Nairobi
• Kenya Authors 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.