Tuesday, May 21, 2024

Kenya Moving Forward with Chinese and Commercial Bank Loans to Finish Railway

 The International Railway Journal published on 21 May 2024 an article titled "Kenya Secures More Chinese Funding for Standard Gauge Railway" by Robert Preston.

Kenya has secured a commitment from the Export-Import Bank of China for a loan to fund the remaining sections of the Standard Gauge Railway from Naivasha to Malaba on the border with Uganda.  Kenya needs to confirm loans totaling an estimated $5.3 billion from commercial banks to complete the project.