Kuwait government has extended a ksh 2.1 billion concessional loan, to finance the Modagashe- Wajir road. The project is said to not only consolidate further development corporation, but also contributing towards government efforts in the improvement of the road network in the north eastern part of the country.
The Kenyan government has signed a concessional sh 2.1 billion loan, from Kuwait government, for completion of Modogashe- Wajir road.
The fund from Kuwait government is said to be an additional finance from the proposed 744 kilometers road project, whose total cost is approximately sh 12 billion.
According to the National Treasury and Planning Cabinet Secretary Henry Rotich, partnering with Kuwait government to facilitate the expansion of Modogahse- Wajir road, is a stepping stone towards the achievement of the big four agendas.
Mr. Mahamd Al Omar, Deputy /Director of the Kuwait Fund for Economic Development said Kenya has been in good relationship with Kuwait since 1997 and that the loan agreement of 8.3 million dollars will go a long way to support the Country.
The Kenya National Highway Authority (KENHA) says that so far Kuwait have supported 310 kilometers from Mdogashe to Wajir out of the total of 744kilometres.
Other co-financers of Modogahse- Wajir road are Saudi fund with a total of Sh2.5 billion, BADEA with a total of Sh2 billion, OFID Sh2.5 billion and the Abu Dhabi Sh1.5 billion.