The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Northeast Asia

New Silk Road Finance Awards 2017 Middle East and Africa: Best BRI project/initiative

Nairobi-Mombasa railway (lead bank:Export-Import Bank of China)

New_Silk_Road_Finance_Awards_2017-200   

BELT AND ROAD          

Standing out as Asiamoney’s best Belt and Road project in the Middle East and Africa is the new standard gauge railway line between Nairobi and Mombasa. The railway line opened in June this year and is financed by China Exim Bank and the Kenyan government. It was built by China Road and Bridge Corporation and the Chinese state-owned enterprise will operate the railway for the first five years.

The $4 billion Madaraka Line – named after Madaraka Day, when Kenya celebrates attaining self-rule in 1963 – is Kenya’s most expensive infrastructure project since independence, and replaces the decrepit Lunatic Express, a 600-mile railway built by British in the late 19th century.

Analysts

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree