{UAH} Kenya gets $1.5 bln loan from China to extend railway | Reuters

NAIROBI (Reuters) - Kenya has secured a $1.5 billion loan from China to extend its railway from the capital to the Rift Valley town of Naivasha, a spokesman for the Kenyan presidency said on Sunday.

The faster railway being built from the Indian Ocean port of Mombasa is expected to reach Nairobi next year and open up to commercial services in mid-2017.

The Chinese-financed project is the first stage in a scheme that aims to extend to Uganda and other land-locked countries. The goal is to cut the cost of transport and boost trade, by replacing a slower, narrow-gauge line.

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Sincerely,

Brian M. Kwesiga