Perspective
12 May 2014
China Exim to fund Kenyan port rail link
Region:
Middle East & Africa
The Chinese and Kenyan governments have signed an agreement whereby Chinese contractors will build a new rail link between the Indian Ocean port of Mombasa and the Kenyan capital Nairobi. The project is estimated to cost $2.6 billion, and the Export-Import Bank of China (China Exim) has been positioned as the principal financing entity.
