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Infrastructure

Construction of the new standard Railway starts

By Kobia Mwirichia (PSCU)

President Uhuru Kenyatta met the head of the company that will build the new Mombasa-Nairobi railway Wednesday ahead of the launch of civil works at Changamwe, Mombasa on Thursday.President Kenyatta and China Communications Construction company  Executive director Mr Liu QitaoPresident Kenyatta and China Communications Construction company Executive director Mr Liu Qitao

The meeting, between President Kenyatta and the China Communications Construction company (CCCC) Executive Director and Chairman Mr Liu Qitao at State House Nairobi, comes ahead of the ground breaking for the standard gauge railway in Mombasa.

CfC Stanbic Bank and ICBC conclude Sh9.2 billion power deal

By Ben Kinyanjui

CfC Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) have concluded a USD108 million (Sh9.2 billion) debt financing package with Triumph Kenya for the construction of an 83MW heavy fuel oil plant in Kenya.Kenya has relied on ever -expensive thermal power for over two decades nowKenya has relied on ever -expensive thermal power for over two decades now

CfC Stanbic Bank provided USD28 million of debt funding while ICBC supplied the remaining USD80 million for the plant, which is currently being built 25km from Nairobi.

Address infrastructure deficit, President Uhuru Kenyatta challanges EAC leaders

 

By Ben Kinyanjui and Agencies

Inadequate infrastructure such as roads, railways and airports is a major problem holding back fast development in the East African region.President Uhuru Kenyatta, flanked by Uganda's President Yoweri Museveni and Rwanda's President Paul Kagame address a press conference after they attended the 2nd Infrastructure Summit in Mombasa County.Photo-PPSPresident Uhuru Kenyatta, flanked by Uganda's President Yoweri Museveni and Rwanda's President Paul Kagame address a press conference after they attended the 2nd Infrastructure Summit in Mombasa County.Photo-PPS

President Uhuru Kenyatta says the missing infrastructural links and other communication bottlenecks impede enhanced movement of people, goods and services across the borders.

Remove red-tape and improve efficiency at Mombasa Port, orders President Kenyatta

By Ben Kinyanjui and PPS

President Uhuru Kenyatta has asked managers at the Kenya Ports Authority (KPA) to remove red tape and enhance efficiency at the Port of Mombasa.Efficiency at Mombasa Port has improved but President Kenyatta says more should be doneEfficiency at Mombasa Port has improved but President Kenyatta says more should be done

Speaking after visiting the super-efficient Chinese port of Tianjin, President Kenyatta urged KPA executives to embrace efficiency, transparency and reduce red tape to bolster operations.

Kenyan government reduces road blocks along the Northern Corridor

By Ben Kinyanjui

The government has reduced the number of police manned road blocks along the Northern Corridor from Mombasa to Busia to five from the previous 36.Transport costs along Northern Corridor are vey highTransport costs along Northern Corridor are vey high

East Affairs Cabinet Secretary Phylis Kadhie also says the government would privatise the weighbridges and reduces them to two in order to speed up the movement of cargo along the highway.

Power generating company gets insurance cover from World Bank

By Agencies


World Bank investment guarantee agency has provided risk insurance to Triumph Power Generating Company to construct a new power station.Kenya's electricity demand is increasing Kenya's electricity demand is increasing

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group says it is committed in its  support for Kenya’s energy sector by providing investment guarantees for the construction of an 83-megawatt heavy fuel oil plant.

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