KeNHA and The Frontier Counties Development Council (FCDC), in the presence of the World Bank, signed an agreement for the implementation of the Horn of Africa Gateway Development Project (HoAGDP). – By Gerald Gekara.
The signing ceremony which was attended by CEO FCDC Hon.Muhammed Guleid, DG KeNHA Eng. Peter Mundinia and World Bank Task Team Leader Josphat Sasia sets the pace for the implementation of the project.
Officially approved in September 2020, the project is set to cost US$ 896.05 million (98.25 Billion) and will be funded by the World bank.
The loan was secured by the government, through World Bank’s International Development Association (IDA) portal whose lending terms range from partly grants to zero-interest loans with broad redemption periods.
The National Treasury did not raise an alarm over the big budget, as it falls squarely within Yatani’s change of stance to take up concessional loans.
The HoAGDP is part of the Government’s plan to upgrade the 740-Km Isiolo – Mandera road corridor which is the remaining unpaved section of the Nairobi – Isiolo – Madera road corridor.
KENHA will also supervise installation of a fiber optic cable along the 740-km corridor in the North-Eastern region of the East African country.
The World Bank will also help provide basic socio-economic infrastructures such as border management systems and border posts for communities living along the corridor.
The project will facilitate trade and transport for the Northern and North Eastern region.
