Kenya Resumes Construction of Stalled Railway Project with $4B Funding. Nairobi, Kenya — Kenya has announced the resumption of the long-stalled 369-kilometer railway project, which has been dormant since 2018.
The project, initially backed by China, is now being funded with $4 billion, marking a shift away from reliance on Chinese-backed loans.
According to official statements, the government has secured the new funding to complete the railway, which is set to connect the capital city, Nairobi, with the port city of Mombasa.
The project, once completed, is expected to significantly reduce travel times and lower transportation costs.
The government stated in a communiqué that the decision to resume the project was made to enhance regional connectivity and promote economic growth.
Officials commented on the matter. Sources close to the matter said that the new funding comes from a mix of local and international investors, including the African Development Bank and the World Bank.
The government has also indicated that it will prioritize the completion of the project by ensuring that all necessary permits and environmental clearances are in place.
The railway project, which was first announced in 2014, has faced numerous challenges, including delays in funding and environmental concerns. Its suspension had raised concerns about Kenya’s economic stability and its ability to manage large-scale infrastructure projects.
The government has not yet provided a specific timeline for the completion of the railway, but officials have indicated that they are committed to expediting the process.
Further details are expected to be released in the coming weeks.
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Source: Africa.
