India’s Adani Airport Holdings Limited has proposed to invest $1.85 billion (Sh246 billion) to expand Jomo Kenyatta International Airport (JKIA) under a concession deal that, if accepted, could earn it an 18 percent annual return over three decades.
Adani’s privately initiated proposal to JKIA manager Kenya Airports Authority (KAA) shows that the Indian firm would upgrade the airport—including constructing a second runway and a new passenger terminal—under a 30-year build-operate-transfer (BoT) contract at a fee to be determined by the two parties.
