Ruto signs Sh8bn deal with US aid agency to acquire electric buses
L-R: MCC Chief Executive Officer Alice Albright, President William Ruto, and National Treasury Cabinet Secretary Njuguna Ndung’u pose for a photo after signing of the threshold programme agreement between MCC and Kenya in New York, US on September 19, 2023. PHOTO | POOL
President William Ruto has signed a Sh8.7 billion deal with US foreign aid agency MCC for the acquisition of electric buses to ease traffic congestion in Nairobi Metro Area.
The buses will operate on Line 2 of the Bus Rapid Transit.
“The Blended Finance for BRT Project aims to catalyze private financing to support the acquisition of electric (or other low emission) buses to operate one or more lines of the bus rapid transit (BRT) system, currently being prepared for the Nairobi metropolitan area,” MCC said on its website.
“The project aims to facilitate the timely operation of BRT lines and contribute to the Government of Kenya’s goals of reducing greenhouse gas emissions related to urban transportation.”
More follows…
