| Financier | Commitments |
|---|---|
| IDA Credit | 90.00 |
Kenya Infrastructure Finance Public Private Partnership Additional Financing Project
Development Objective
The overall objective of this project is to increase private investment in the Kenya infrastructure market across sectors and to sustain this participation over an extended period of time.
Key Details
Project Details
P162182
Closed
Mehnaz Safavian
Ministry of Finance
March 22, 2017
(as of board presentation)
July 5, 2017
N/A
US$ 50.00 million
N/A
2018
US$ 90.00 million
A
Not Applicable
September 30, 2024
Yes
BANK APPROVED
July 15, 2022
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 90.00 |
| IBRD + IDA Commitment | 90.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 50.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Expression of Interests (EOIs) issued to prospective sponsors for three targeted PPP transactions Value 0.00 1.00 3.00 Date December 31, 2012 December 12, 2016 December 31, 2017 Comment PPP Regulations associated with the new Law agreed to with MoF Value No Yes Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment PPP Fiscal Commitment and Contingent Liability Framework operationalized as measured by: upstream DMO due diligence on prospective (feasibility stage) transactions completed in line with Law Value No No Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment Regular issuance of Government benchmark bonds in medium and long term maturities up to 7/10 year tenures (Number, custom) Value No Yes Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment Private Capital Mobilized Value 0.00 0.00 1250000000000.00 Date January 18, 2017 January 18, 2017 October 31, 2022 Comment 1.25 billion USD No. of PPP Projects that reached financial close Value 0.00 0.00 3.00 Date January 18, 2017 January 18, 2017 October 31, 2022 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Five feasibility studies completed and submission by contracting authorities to the PPP Committee acceptable to the Association, including Safeguards; ready for market entry Value 0.00 10.00 5.00 Date December 31, 2012 December 12, 2016 December 31, 2017 Comment Line Ministries and Agencies ?Nodes? for First Mover Transactions established and operational Value 0.00 57.00 2.00 Date December 31, 2012 December 12, 2016 December 31, 2017 Comment PPP FCCL approved by National Treasury Cabinet Secretary Value No In progress Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment Capital Markets Authority Bill 2011 approved by Cabinet for submission to Parliament Value No Yes Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment Securities and Investments Bill 2011 approved by Cabinet for submission to Parliament Value No Yes Yes Date December 31, 2012 December 12, 2016 December 31, 2017 Comment PPP Training Curruculum Developed and Implemented Value No Curriculum No Curriculum Curriculum developed and approved, implementation Date January 18, 2017 January 18, 2017 October 31, 2022 Comment No. of Government officials with PPP certification from recognized institutions* Value 10.00 10.00 50.00 Date January 18, 2017 January 18, 2017 October 31, 2022 Comment base line is "less than 10" actual is "less than 10" No. of Feasibility Studies approved by the PPP Committee Value 10.00 10.00 25.00 Date January 18, 2017 January 18, 2017 October 31, 2022 Comment No. of EOIs/RFQ/RFP issued to prospective PPP private partners Value 8.00 8.00 20.00 Date January 18, 2017 January 18, 2017 October 31, 2022 Comment Report drafted on project stakeholder engagement survey Value No No Yes Date January 18, 2017 January 18, 2017 October 31, 2022 Comment Citizen engagement will be performed at sub-project level. The surveys will be conducted 1 year after the first financial closureof any sub project.