Kenya is set to construct an expressway that will run from Nairobi to Mombasa.
According to the Kenya National Highway Authority (KeNHA), Korean Overseas Infrastructure and Development Corporation (KIND) has submitted Privately Initiated Investment Proposal for developing the highway.
Likewise, American firm Bechtel Executive is also eyeing the lucrative tender in a joint partnership with a US Capital Investment Company Everstrong Capital.
“The Korean Overseas Infrastructure and Development Corporation (KIND) presented a Pre-Feasibility Studies Report for the development of the Highway based on a PPP model,” said KeNHA director–general Kungu Ndungu.
“Bechtel is also still working on the best Public Private Partnership (PPP) structure for the project. Everstrong Capital) has also expressed interest in developing the Corridor in partnership with Bechtel.”
The expressway is seen as a possible competitor to the Standard Gauge Railway.
This also comes at a time when the SGR is already fighting for a life of its own, following President William Ruto’s order to revert port operations to Mombasa.