The European Investment Bank has earmarked approximately 240 million euros (USD294 million) for three key infrastructure projects in Kenya. These projects include the upgrading of Nairobi’s Jomo Kenyatta International Airport, which EIB is co-funding with the French Development Agency, or AFD.
During a visit to Kenya, EIB Vice President Plutarchos Sakellaris attended the inauguration of the airport rehabilitation initiative and two other projects the bank will support, namely the construction of a high-voltage transmission line between the cities of Nairobi and Mombassa and the expansion of the Okaria geothermal plant.
Meanwhile, EIB President Philippe Maystadt signed a technical assistance agreement with the secretary general of the West African Power Pool for the preparation works on a hydropower rehabilitation project in Liberia. This project aims to help Liberia address its energy needs as well as spur economic development in the country. It will be supported by an assistance program worth 1.5 million euros from the European Union-Africa Infrastructure Fund.
The technical assistance agreement was signed in Ouagadougou, Burkina Faso, where Maystadt attended the signing of the revised Contonou Partnership Agreement by the joint EU-African, Caribbean and Pacific Council of Ministers. The revised agreement will allow EIB to enhance its support for regional infrastructure projects in ACP countries, Maystadt said.