The Kenyan government has received a funding commitment from the Export-Import Bank of China (Exim Bank) for the construction of the remaining sections of the Standard Gauge Railway (SGR) project from Naivasha to Malaba on the border with Uganda. The project will be financed through a government-to-government agreement between Kenya and China through the Exim Bank and syndicated loans from commercial banks. The Kenyan government will finance the project through its railway development fund, while the African Development Bank (ADB) is also expected to contribute. Kenya and Uganda are also seeking private funding for the project. The remaining sections of the SGR project in Kenya are the 262.3 km Phase 2B from Naivasha to Kisumu and the 102 km Phase 2C from Kisumu to Malaba. The total cost for both phases is estimated at €4.9 billion (US$5.3 billion). Construction work is scheduled to resume in July 2024. Construction of the SGR section from Malaba to the Ugandan capital Kampala is scheduled to begin in September 2024. Further SGR extensions are planned from Uganda to the Democratic Republic of Congo, Rwanda, and South Sudan.
