€348m Nairobi BRT: European donors push for fares close to informal transport prices
The Nairobi Core Bus Rapid Transit Line 3 (BRT 3) project is being financed by the European Investment Bank (EIB) to the tune of €201 million and the Agence Française de Développement (AFD) to the tune of €74 million. An additional €45 million is being provided from the European Union budget. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH will provide technical assistance to help implement the project.
Someone shares this article with you
▪ €348m Nairobi BRT: European donors push for fares close to informal transport prices
▪ The Nairobi Core Bus Rapid Transit Line 3 (BRT 3) project is being financed by the European Investment Bank (EIB) to the tune of €201 million and the Agence Française de Développement (AFD) to the tune of €74 million. An additional €45 million is being provided from the European Union budget. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH will provide technical assistance to help implement the project.
▪ https://www.africabusinessplus.com/en/815322/e348m-nairobi-brt-european-donors-push-for-fares-close-to-informal-transport-prices/
The loans and grants were approved internally. The financing agreements with the Government of Kenya are expected to be signed in the next few weeks. The government will contribute €66.3 million.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Construction & Infrastructure
08/01/2024 at 16h46, by Africa Business+, updated 09/01/2024
Abidjan BHNS: China Gezhouba wins first roadworks contract worth $69m
The construction group active on the continent, has won the roadworks contract for Abidjan’s future...
Development Bank
20/12/2023 at 16h54, by Pierre-Olivier Rouaud
Dakar BRT: Proparco/EAIF financing advised by Hogan Lovells’ Olivier Fille-Lambie and Bruno Cantier
The exclusive urban transport project, run by Meridiam and Senegal’s wealth fund Fonsis, has collected...
Transport & Logistics
05/10/2023 at 12h20, by Africa Business+
Proparco and EAIF to back Meridiam on Dakar BRT project
The two investors will help finance the purchase of buses by Meridiam, the operator of this urban transport...
Transport & Logistics
04/10/2023 at 19h31, by Africa Business+
Tug of war over supply of buses to Nouakchott
The Chinese group Yutong, a world leader in buses and coaches, believed it would win the contract to...
Development Bank
06/03/2023 at 21h44, by Africa Business+
Abidjan, Jane Feehan expands her African scope at the EIB
The Regional Manager’s powers within the bank have been further extended.
Agri-food industry
01/03/2023 at 19h51, by Africa Business+
EIB ready to finance Macky Sall’s agropoles in Senegal
Senegal wants to speed up the industrialisation of its agricultural sector. The country is moving full...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.