News

Treasury, July 20, 2015; By Joseph Kipkoech
world bankThe World Bank Group is committed to financing the reconstruction of part of the Kenyan section of the 1,000 Km Eldoret-Juba development corridor under the East African Transport, Trade and Development Facilitation Project.
World Bank Country Director for Kenya Ms. Diarietou Gaye said the new project being supported by the World Bank Group with a credit of Ksh50 billion will enable Kenya to upgrade the 60 Km transport and trade corridor to the north-west through Trans-Nzoia, West Pokot and Turkana counties.


Ms. Gaye said support for the 400 Km section of the road in South Sudan from Juba to Nakodok was approved in May 2014.
The World Bank Country Director for Kenya said the project is an important part of the Horn of Africa Initiative, which is an ambitious effort by the World Bank Group, United Nations, Islamic Development Bank, African Union Commission and European Union to promote more collaborative political, diplomatic and development solutions among countries to the issues of fragility, vulnerability and insecurity.
Ms. Gaye made the remarks today at National Treasury, Nairobi, during the signing of the project credit with Cabinet Secretary Mr. Henry Rotich.
Once the project is completed, she said, it will reduce considerably transport costs and travel times from Mombasa to Juba, which now takes on average five to eight days.
At the same, Ms. Gaye added, it will improve the movement of people and goods, enhance regional competitiveness and reduce the cost of doing business in Eastern Africa.
She noted that the project is a large and complex regional initiative that requires close collaboration between the Governments of Kenya and South Sudan, effective coordination among the various implementing agencies and consultations by the two Governments with other development partners that have expressed interest in providing additional resources to ensure that the corridor is fully funded.