Home / News

Business

  • 0

Team Europe Invests in Transformative Green Mobility in Nairobi

Team Europe Invests in Transformative Green Mobility in Nairobi

Nairobi, 31st March 2023 … Today, President of the European Commission, Ursula von der Leyen, and Kenyan President William Ruto, met in Brussels to discuss how to strengthen the partnership between the EU and Kenya and opportunities to drive the green and digital transitions in Kenya under Global Gateway.

 

As a concrete deliverable on the sidelines of the meeting, Commissioner Jutta Urpilainen and Cabinet Secretary for Transport Cooperation Mr Kipchumba Murkomen signed a declaration of intention to finance the electric bus line “Nairobi Core Bus Rapid Transit Line 3” (BRT 3) for a total amount of €347.6 million, including €45 million in grants from the EU budget. By supporting the implementation of a safe,

clean, high quality and efficient public transport system in Nairobi, Team Europe is the key partner in

Kenya's green transition.

 

The EU is providing €45 million in grants, while the European Investment Bank (EIB) and the French Development Agency AFD jointly support the projects with €236.3 million. On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the EU, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH will also provide technical assistance to the project's implementation. Similarly, the Kenyan Government is contributing €66.3 million.

 

The innovative BRT line 3 project is a key deliverable of the Mombasa-Kisangani strategic corridors, which is a priority in the Global Gateway Africa-Europe Investment Package. This line will be the first dedicated electric bus rapid lane in East Africa and is part of a system of five rapid bus lines to be developed in the Kenyan capital. The Bus Rapid Transit Line is fully designed by European expertise and funded by a consortium of Team Europe partners and has a strong focus on the highest social and environmental standards. The BRT Line 3 is expected to be operational in 2030.

 

Vice-President of the European Investment Bank, Thomas Östros said that EIB welcomed the milestone agreement with President Ruto and looks forward to finalizing its €201 million support for the visionary Nairobi BRT scheme through EIB Global. This will represent the EIB’s largest ever support for sustainable urban transport in East Africa and will enable millions of people living in Kenya’s capital to access safe and green transport for years to come.”

 

Previous News

Technology News

IN-SPACe releases Norms, Guidelines and Procedures (NGP) for implementation of Indian Space Policy 2023 in respect of Authorization of Space Activities

IN-SPACe releases Norms, Guidelines and Procedures (NGP) for implementation of Indian Space Policy 2023 in respect of Authorization of Space Activities

Bengaluru, May 05, 2024 

Indian National Space Promotion and

Agora Launches Advanced Video Technology to Enhance Live Stream Quality

Agora Launches Advanced Video Technology to Enhance Live Stream Quality

Bengaluru, India – May 02, 2024 – Agora, Inc.

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

Latest Business News

Lab-grown diamond Jewellery Brand Solitario Elevates the Luxury Experience with Expansion Across India

Lab-grown diamond Jewellery Brand Solitario Elevates the Luxury Experience with Expansion Across India

India – April 30, 2024 – Solitario, the premier destination for luxury lab-grown diamo

Honouring Craftsmanship: Hindustan ki Shaan Season 2 Hosted by Greenply Industries

Honouring Craftsmanship: Hindustan ki Shaan Season 2 Hosted by Greenply Industries

Mumbai - National, 29th April 2024Greenply Industries Limited, a pioneer in the interior infrastructu

Zepp Health Elevates Wearable Intelligence with AI-Powered Zepp OS 3.5 Update for Amazfit Balance Smartwatches in India

Zepp Health Elevates Wearable Intelligence with AI-Powered Zepp OS 3.5 Update for Amazfit Balance Smartwatches in India

Bengaluru, 29 April 2024: Zepp Health, a global provider of smart wearables and health technology, has announced the launch o