NAIROBI (Xinhua) --
The construction of the transnational highway
between east African countries Kenya and Tanzania will begin in
early 2020, the financier said on Tuesday.
Negatu, east Africa director general of the African Development
Bank (AfDB) said in Nairobi that funding for the 460km road
should be approved in September.
"Both the Kenya and Tanzania governments have finalized all
their requirements to pave way for the construction of the
coastal highway," Negatu said during the Kenya roadshow for the
upcoming second edition of the Africa Investment Forum.
The forum which is scheduled to take place from Nov. 11 to 13
in South Africa is the continent’s investment marketplace for
accelerated economic transformation.
Negatu said that the Kenya-Tanzania transnational highway is
expected to cost 75.1 billion Kenyan shillings (751 million U.S.
Negatu said that highway runs through Malindi, Mombasa and
Lunga Lunga on the Kenyan side and Horohoro, Tanga and Bagamoyo
on the Tanzanian side.
The transnational highway is among the infrastructure
projects being prioritized by the East African Community.
AfDB will finance 70 percent of the coastal highway while the
governments of Kenya and Tanzania will cover the remaining 30