Nairobi-Mombasa Expressway Management Set To Be Done By American Corp For 30 Years
The American contractor in charge of constructing the 440-kilometer Nairobi-Mombasa Expressway will be awarded 30-year management authority over the project.
Furthermore, President William Ruto’s administration would authorize a 99-year land trust and road reserve under a deal inked between the firm and the Kenyan government.
Everstrong, a US-based infrastructure asset manager, will be the project’s principal sponsor, investing USD 3.6 billion (about Ksh470 billion).
The Kenyan government would not fund the projects, with the US corporation anticipated to recoup funds through toll charges.
Trans-African Concessions (TRAC) will operate the toll road infrastructure for 30 years.
The expressway will be a four-lane (2×2) dual-carriageway between Nairobi and Mombasa.
“The project is a high priority for Kenya and will bring significant economic growth along the corridor,” the government said about the project.
Kenyans who cannot afford to pay the tolls will be allowed to utilize both the existing road and the Standard Gauge Railway.
On a societal level, the infrastructure is projected to prevent fatal accidents, boost connectedness, and lower wildlife mortality.
Economically, the road will bolster the northern corridor while also boosting trade.
“The project development is in close collaboration with Kenya National Highways Authority (KeNHA), private sector partners, and local communities,” Kenyans have been assured.
Nairobi-Mombasa Expressway Management Set To Be Done By American Corp For 30 Years
