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Kenya Spends $25 Billion on Bond-Backed Port for Oil: Freight

Kenya, East Africa’s largest economy, is moving to spend $25 billion on a second port, a crude pipeline and roads that will open up export routes in a region luring investors with oil and gas discoveries.

The Kenyan government has agreed with oil-rich South Sudan to build a 2,000-kilometer (1,243-mile) pipeline to the northern Kenyan coastal town of Lamu. Early-stage construction began in March to clear the way for a deepwater port that will serve Kenya’s underdeveloped north, South Sudan, Ethiopia and Uganda.