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.
Detalhes
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Data do documento
2011/04/21
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TIpo de documento
Board Summary
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No. do relatório
61410
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2011/04/29
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Disclosure Status
Disclosed
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Nome do documento
Kenya - Transport Sector Support Project : summary of discussion
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Palavras-chave
road corridor;payment term;regulatory institution;road transportation;
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