The government has entered into 10 new loans worth Sh132 billion to finance infrastructure projects in the last six months. Loan for Nairobi ITS establishment and junctions improvement project phase two was also secured from the Export-Import Bank of Korea. Another Sh6.7 billion has also been secured for the first phase of Nairobi ITS establishment and junctions improvement project. The project seeks to reduce social losses due to traffic congestion and enhance urban mobility in Nairobi through the development of ITS. The government seeks to spend Sh4.2 billion loan on TVETTE to increase access to technical education and training through expansion of infrastructure and training equipment, including for students with special needs.

Source: Standard Digital May 11, 2021 16:35 UTC