The government has received Sh1.3 billion from TradeMark East Africa (TMEA) to fund infrastructure projects in two counties.
Busia County will receive the largest chunk of the cash for three infrastructure projects, including completion of the Jumuiya Cross Border Market (Sh485.3 million), while Mombasa County will get Sh200 million for the Magongo Road project. The Malaba One-stop Border, which serves as the artery to the rest of East Africa, will receive Sh403 million, with the road leading to the border post receiving Sh372 million.
Speaking during the signing ceremony in Nairobi yesterday, the National Treasury Cabinet Secretary Ukur Yatani said completion of the projects would help stimulate the regional economy.
“This support will go a long way in facilitating trade and unlock economic growth of Kenya, Uganda, Rwanda, Burundi and by extension the Democratic Republic of Congo, with the completion of the Malaba One-stop Border Post,” said Yatani.
Completion of the Magongo Road leading to the Mombasa port is set to be a major boost in easing traffic in the coastal town.
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TMEA Chief Operating Officer David Stanton said they are committed to improving the country’s infrastructure projects.