The funders who include the European Union (EU) say the Bus Rapid Transport (BRT) lane will be the first in East Africa and is part of a system of five such lanes to be developed in Kenya.
The deal which was signed in Brussels following President William Ruto's visit will see the EU provide $48.79 million in grants, while the European Investment Bank (EIB) and French Development Agency (AFD) will jointly support the projects with $255.64 million in funding.
The Kenya government will produce $71.64 million, taking the figure to $377 million.
“AFD is very pleased to be part of this initiative and to actively contribute to the preparation of this important project for Nairobi and Kenya,'' said AFD Mobility Department Director Lise Breuil in a statement.
The declaration of intent to fund the line was signed by EU Commissioner Jutta Urpilainen and Kenya Transport Cabinet Secretary Kipchumba Murkomen.
