Kenya Seeks International Funding for $2 Billion Expansion of Nairobi's Main Airport
Kenya Seeks International Funding for $2 Billion Expansion of Nairobi's Main Airport
To support the project, which includes a second runway and a new terminal, the government has invited development partners, including:
🟠the Japan International Cooperation Agency,
🟠China Exim,
🟠KFW,
🟠the European Investment Bank,
🟠the African Development Bank.
A contractor will be selected once financing is secured, Transport Minister Davis Chirchir said.
To finance infrastructure projects, Kenya will also issue a $1.36 billion bond for road construction, according to Chirchir.
The new approach involves building the airport infrastructure first and later offering a concession, a shift from the previous plan with India’s Adani Group, which was canceled last year following US charges alleging bribery and investor deception—accusations the Adani Group denies.
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