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Kenyan investors to partly fund Sh472bn US backed Nairobi-Mombasa expressway
Nairobi Expressway along Waiyaki Way, Westlands. A bigger highway between Mombasa and Nairobi has been on the wish list of successive governments aiming to ease congestion on the busy road to and from the port.
Local private investors will be given a chance to participate in the financing of the $3.6 billion (Sh472.9 billion) expressway from Mombasa to Nairobi after the Kenya National Highway Authority (Kenha) and US-based private equity Everstrong Capital LLC signed a deal to start the construction of the toll road.
Construction of the toll road, dubbed Usahihi Expressway, is one of the deals signed during the three-day visit to the US by President William Ruto and is seen as rivalling the Chinese-built Mombasa - Nairobi standard gauge railway (SGR).
