€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.
31/03/2023 at 15h12, by Africa Business+
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.
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