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China Eximbank provides KES 2 billion loan for Eastern Bypass Road Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Kenya |
| Country | Kenya |
| Start Date | Sep 28, 2021 |
| End Date | Dec 19, 2029 |
| Duration | 3,004 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92659 |
Grant Description
China Eximbank provides KES 2 billion loan for Eastern Bypass Road Project On September 28, 2021, China Eximbank and the Government of Kenya signed a loan agreement worth approximately KES 2 billion for the Eastern Bypass Road Project.
It is known that the borrower is expected to used the proceeds of the loan to finance a KES 12.5 billion commercial contract with China Communication Construction Company Limited. The purpose of the project is to expand Nairobi’s existing 32 km Eastern Bypass into a dual carriageway.
The road starts at the junction of the Nairobi–Mombasa Road and Airport North Road, in Embakasi, immediately west of Nairobi International Airport, approximately 12 kilometers (7 mi) south-east of the city center.
The road then loops through the south-eastern suburbs of Nairobi, skirting the northern edges of Jomo Kenyatta International Airport, through Ruai.
The road then crosses from Nairobi County, into Kiambu County and then turns westwards, passes underneath the Thika Highway and ends at the Ruiru Kamiti Road, at a place called Ruiru Road Junction.
The ultimate objective of the project is ease traffic pressures on a key road that links motorists from the busy Jomo Kenyatta International Airport and Mombasa-Nairobi highway to Thika Superhighway, bypassing the congested central business district. China Communication Construction Company Limited is the contractor responsible for implementation.
Construction commenced on or around November 17, 2021. The project was originally scheduled for completion by June 2022. However, as of April 2022, the project had only achieved a 45% completion rate. The project was officially commissioned on July 31, 2022.
However, as of August 2022, the project had only achieved an 86% completion rate and its final completion date was pushed backed to January 15, 2023.
Staff Comments
1. The Chinese project project title is 内罗毕东部旁路高速公路二元化项目.
Sources & References
- Letter From Nairobi: Chinese Contractors Have Turned the Kenyan Capital Into a Giant Construction Site
- Government Borrows Sh2bn for Dialing Eastern Bypass
- Treasury inks Sh2bn loan for dualling Eastern bypass
- Kenyan borrows Ksh.2 billion to finance Eastern bypass upgrade
- Chinese Contractors Begin Work on One of the DR Congo’s Most Important Roadways
- State Borrows Ksh.2 Billion For Eastern Bypass Expansion
- Votes and Proceedings
- Chinese firm starts Sh12.5bn dualing of Eastern Bypass
- PDU Delivery
- Eastern Bypass Dualling Now 45 Percent Complete
- Contractor to complete Sh12.5bn dualing of Eastern Bypass in January
- Kenyan president hails Chinese-built roads for boosting development
- Chinese-built roads ease travels in Kenya
- Updates of the KSh 12.5 Billion EASTERN BYPASS EXPANSION - All these in 3 months!?
- COMMISSIONING OF THE PROJECT FOR DUALLING OF THE NAIROBI EASTERN BYPASS 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.
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Government of Kenya
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