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| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | China Wuyi Co., Ltd. |
| Country | Kenya |
| Start Date | Jan 01, 2012 |
| End Date | May 30, 2029 |
| Duration | 6,359 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 95560 |
China Eximbank provides an unknown amount to an unknown institution for the implementation of the Turbi-Moyale Section of the A2 Highway Upgrading Project According to China Eximbank, it provided a loan to support the implementation of the 130 km Turbi-Moyale Section of the A2 Highway Upgrading Project.
The borrowing institution is unknown.
However, it is known that the proceeds of the loan were to be used by the borrowing institution to finance an RMB 917 million commercial contract with China Wu Yi Co., Ltd.
It also known that the African Development Bank (AFDB) issued a parallel loan (co-financing) to the Government of Kenya for this project. The purpose of the project was to upgrade a 130 section of the A2 Highway that runs from Turbi to Moyale. China Wu Yi Co., Ltd. was the general EPC contractor responsible fo implementation.
Construction began on November 6, 2012 and was temporarily suspended due to security concerns in 2013. The project was substantially completed by September 14, 2016. However, the upgraded road was not officially commissioned until July 2017. The originally expected project completion date was October 15, 2015.
An 11-month extension of implementation time was granted to China Wu Yi Co., Ltd. after an amicable settlement was reached in which it agreed to waive a substantial amount of money due to claims relating to unexpected security costs, higher-than-expected quantities, and project scope revisions.
China Wuyi Co., Ltd.
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