Expected to stretch -,---km and due for completion in ----, the Standard Gauge Railway is one of Kenya s largest projects and is being carried out by the China Road and Bridge Corporation, a subsidiary of the state-owned China Communications Construction Company (CCCC). It forms part of a regional development - called the Northern Corridor - to link Uganda, Tanzania and Kenya via rail to facilitate the flow of goods in the region and improve overall logistics capacity in the respective countries. ...It forms part of a regional development - called the Northern Corridor - to link Uganda, Tanzania and Kenya via rail to facilitate the flow of goods in the region and improve overall logistics capacity in the respective countries. The first phase of the project will link the port of Mombasa to Nairobi, with the Export-Import Bank of China funding -- of the USD-.-bn development and state-owned enterprise Kenya Railways Corporation contributing the remaining -- . As of June ----, -- of construction was complete. ...The second phase of the project, at an estimated cost of USD-.-bn, involves extending the railway from Naivasha to the town of Malaba in Western Kenya, on the border with Uganda. The deal between the CCCC and the Kenyan government for this phase was signed in March ----, with construction scheduled to begin in September ----.
...The first phase of the Standard Gauge Railway project, stretching from Mombasa to Nairobi, with an extension to the town of Naivasha, was reported to be -- complete in June ----. The second phase, from Naivasha to the town of Malaba along the Ugandan border, is scheduled to begin construction in September ----. ...The Ugandan government has opted to direct the crude oil export pipeline to Tanzania s Tanga Port, rather than Kenya s Lamu Port. While this will delay the development of Kenya s own oil reserves - the pipeline would have passed through the Turkana Basin on the way to Lamu - our Oil & Gas team believe an export pipeline to deliver the country s assets to international markets will be built regardless. We expect to see progress on this kind of development over the medium to long term, as neither the government nor UK hydrocarbons company Tullow Oil - one of the main operators in the region - will be able to finance the project in the short term. ...While this will delay the development of Kenya s own oil reserves - the pipeline would have passed through the Turkana Basin on the way to Lamu - our Oil & Gas team believe an export pipeline to deliver the country s assets to international markets will be built regardless. We expect to see progress on this kind of development over the medium to long term, as neither the government nor UK hydrocarbons company Tullow Oil - one of the main operators in the region - will be able to finance the project in the short term.
...The Kenyan construction industry is projected to expand by -.- in real terms in ---- and record an annual average of -.- up to ----. It is the second-fastest growing market in Sub-Saharan Africa, behind East African peer Ethiopia and in line with Cameroon s trajectory. ...
