Nairobi Finally Secures Ksh43 Billion For Long-Awaited Project
Nairobi Governor Johnson Sakaja said on Wednesday that he had received €320 million (Ksh43 billion at the current exchange rate) from three European banks to support the Clean Core Bus Rapid Transit (BRT) Line 3 in Nairobi.
Sakaja made the statement on X after welcoming a group from the three banks to his office.
“Received a delegation from the European Investment Bank, French Development Agency and the E.U. earlier today,” Sakaja stated.
“Our partners, the EIB, AFD and EU have approved 320 million Euros financing for the Clean Core Bus Rapid Transit (BRT) LINE 3 in Nairobi.”
Received a delegation from the European Investment Bank, French Development Agency and the E.U. earlier today. Our partners, the EIB, AFD and EU have approved 320Million Euros financing for the Clean Core Bus Rapid Transit (BRT) LINE 3 in Nairobi.
— Sakaja Arthur Johnson (@SakajaJohnson) December 11, 2024
The First phase 12 KM line… pic.twitter.com/Brh4tObnmX
The Clean Core BRT will be built in two parts, beginning with a 12-kilometer line from East to West, passing through Dandora and ending at Kenyatta National Hospital.
The second phase will connect Tala, Dandora, and KNH, Ngong.
The agreement between the three institutions was initially inked during President William Ruto’s visit to Belgium in March 2023 where he acquired €347.6 million (Ksh47 billion in current exchange rate).
Kipchumba Murkomen, the then-Transport Cabinet Secretary, signed the agreement with European Commissioner Jutta Urpilainen, clearing the way for an investment of €281.3 million (Ksh38 billion at current exchange rates).
“By supporting the implementation of a safe, clean, high quality and efficient public transport system in Nairobi, Team Europe is the key partner in Kenya’s green transition,” the European Commission said in a statement.
In that agreement, the European Union (EU) committed €45 million (Ksh6 billion at the current exchange rate) in grants, while the European Investment Bank (EIB) and the French Development Agency AFD committed €236.3 million (Ksh32 billion).
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The Kenyan government has also invested €66.3 million (Ksh9 billion at current currency rates) in the project.
“The EIB welcomes today’s milestone agreement with President Ruto and looks forward to finalizing €201 million (Ksh27 billion at the current exchange rate) support for the visionary Nairobi BRT scheme through EIB Global,” Thomas Östros, Vice-President of the EIB said at the time.
The initiative will not only contribute to Kenya’s climate change mitigation plan, but it will also implement an intelligent transportation system and set economical fare levels.
The initiative also aims to increase access to public transportation for youth, women, and low-income households, as well as to develop novel commuter safety solutions.
Nairobi Finally Secures Ksh43 Billion For Long-Awaited Project
