The Executive Directors approved financing for the Kenya Transport Sector Support Project in the amount of US$ 300 million on the payment terms and conditions set out in the President's memorandum. Directors expressed support for the objectives of the project. They highlighted the importance of regional integration, hence, stressed the critical need to improve road transportation on the key road corridors in east Africa. These include the northern road corridor (which connects Mombasa with the east African hinterland) and the Tanzania-Kenya-Sudan corridor, whose importance will grow after southern Sudan achieves its independence. Directors also welcomed the project's focus on deepening ongoing policy and institutional reforms in the transport sector, enhancing the capacity of oversight and regulatory institutions, and most importantly on continuing efforts to improve governance, transparency and accountability in the sector.
Details
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Document Date
2011/04/21
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Document Type
Board Summary
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Report Number
61410
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2011/04/29
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Disclosure Status
Disclosed
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Doc Name
Kenya - Transport Sector Support Project : summary of discussion
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Keywords
road corridor;payment term;regulatory institution;road transportation;
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Citation
Kenya - Transport Sector Support Project : summary of discussion (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/819321468047735994/Kenya-Transport-Sector-Support-Project-summary-of-discussion