NAIROBI (Xinhua) --
Construction of the coastal highway linking
Kenya’s town of Malindi to Tanzania’s Bagamoyo town will begin
in early 2019, according to an official with the African
Development Bank (AfDB).
director general of the East Africa Regional Development and
Business Delivery Office of AfDB, told Xinhua in Nairobi on
Sunday that the lender will provide 70 percent financing for the
77 billion Kenya shilling (751.3 million U.S. dollars) project
with Tanzania and Kenya funding the remaining 30 percent within
their respective territories.
“We are prioritizing
the Malindi to Bagamoyo transnational highway because it will
boost inter-regional trade,” Negatu said. The 460 km road
consists of 250 km on Kenya’s side and the rest on the Tanzanian
Negatu added that
the road is also expected to ease movement of cargo between
Kenya’s Port of Mombasa and Tanzania’s Bagamoyo Port.
The AfDB official
said the road project which will take 36 months to complete, has
been hit with delays for the past two years.
He observed that
Tanzania has already completed its design and environmental
assessments for its portion of the road project.
He noted that the
East African Community which consists of Kenya, Uganda,
Tanzania, Burundi, Rwanda and South Sudan needs to increase
investment in regional infrastructure projects in order to boost
cross border trade.