Kenya & European Commission Sign €348 Million Financing Agreement For Electric Bus Rapid Lane
PublishedKenya and the European Commission have reached an agreement for a €347.6 million financing arrangement for East Africa’s first dedicated electric bus rapid lane. The agreement was signed during a meeting between President William Ruto and the President of the European Commission, Ursula von der Leyen, at the European Commission Headquarters in Brussels, Belgium.
President Ruto reiterated Kenya’s commitment to a green transition, which is in line with the country’s climate change mitigation plan. The Green Mobility-Nairobi core bus rapid transit line 3 will use zero emission electric buses and will also incorporate intelligent transport management systems and ensure affordable fares to facilitate inclusive access to modern public transport services.
The agreement was signed by Kenya’s Cabinet Secretary for Transport, Kipchumba Murkomen, and the European Commissioner for International Partnerships, Jutta Urpilainen. For this project,a grant component from the EU, financing from the European Investment Bank and the French Development Agency as well as funding from the Kenyan Government. I will be on the lookout for more information on the progress of this project.
This is a very welcome development. Electric buses are one of the best ways to accelerate access to cleaner mobility for the majority of the population. During his inauguration last year, President Ruto reaffirmed Kenya’s commitment to transition to It’s great to see his administration continuing to push for projects in this area. Kenya has a big opportunity to lead in the transition to electric mobility.has quickly made inroads over the past year in Kenya with its innovative Pay-as-You-Drive program that allows owners to purchase the BYD K6 electric bus without having to pay for the battery technology. The cost of the battery is then bundled into a subscription program.
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