Background & Context 1.The Government of the Republic of Kenya has received a loan from the Export-Import Bank of Korea, from the resources of the Economic Development Cooperation Fund (EDCF) of the Republic of Korea, in the amount of USD 83,834,000 (Eighty-Three Million Eight Hundred Thirty-Four Thousand United States Dollars) toward payments under the Contract for the Design and Build of the Nairobi ITS Establishment and Junctions Improvement Project – Phase II. 2.The terms and conditions of the Contract and payment by the Bank, therefore, shall be subject in all aspects to the terms and con…
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