Between 2023 and 2027, the World Bank will invest $2.5 billion in Kenya to finish a number of private-public partnership (PPP) projects, according to the Business Daily newspaper.
Part of the funding will be used by the World Bank’s commercial arm, the International Finance Corporation (IFC), to finance projects related to transportation, energy, inputs, food processing, logistics, and supply chains.
The Nairobi-Nakuru-Mau toll road is one of the PPP projects that the World Bank is expected to assist in financing. IFC is likely to infuse debt or equity into the 233-kilometer roadway.
According to the newspaper, the four-lane highway will receive a partial risk guarantee from the International Development Association (IDA), a subsidiary of the World Bank Group. It will cost 184 billion Kenyan shillings.
