China Wuyi Company completes construction of the Kenya Kissel sand road
Pledged amount
$ 35331104.58282979
Adjusted pledged amount
$ 35331104.58282979
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China Wuyi Co., Ltd. [State-owned Company]
Recipient
Kenya
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In January of 2007, the Kenya Kissel (also likely known as the Kisii road) sand road constructed by China Wuyi Company Ltd. was handed over to the Kenyan government. The project began in October of 2002 and was completed 115 days in advance of the deadline. The road is 53 km in length and worth roughly 117 million Yuan, funds financed by the construction company. China's Ministry of Foreign Trade and Economic Cooperation's Foreign Aid Department reportedly pledged a guarantee of 10% of the project funds or 11.7 million CNY. Wuyi was to sign an internal construction contract with the Department of Foreign Aid. It is unclear exactly where the road is located.
Number of official sources
0
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Kenya [Government Agency]
Implementing agencies [Type]
China Wuyi Co., Ltd. [State-owned Company]
Guarantee provider [Type]
China Ministry of Foreign Trade and Economic Cooperation [Government Agency]