Kenya Infrastructure Finance Public Private Partnership Additional Financing Project (WB-P162182)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 5, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF FINANCE
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 28, 2018

Disclosed by Bank Feb 1, 2017


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Project Description

The development objective of Infrastructure Finance Public and Private Partnership (IFPPP) Project for Kenya is to increase private investment in the Kenya infrastructure market across sectors and to sustain this participation over an extended period of time. This project will consist of three components. 1) The first component, Support to Institutional Strengthening, based on an assessment of the remaining institutional strengthening activities (particularly at the county government level) following the activities undertaken under the IFPPP and the need for institutional strengthening based on future expected project activities. It has the following two subcomponents: (i) Upstream Support to Public Private Partnerships (PPP) Institutions; and (ii) Support to Capacity Building Activities. 2) The second component, Support to Project Preparation and Procurement, aims to assist the Government of Kenya (GoK), at national as well as county level, to prepare well-structured and bankable PPP projects with optimal risk allocation building on the experience in the development of the first mover PPPs under IFPPP. 3) The third component, Support for Program Management, aims to support the Project Implementation Unit (PIU) that is currently functioning under IFPPP.

Investment Description
  • World Bank (WB)
Contact Information

Name:National Treasury PPP Unit
Contact:Stanley Kamau
Title:Director
Email:skkamau@treasury.go.ke

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.