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KPA seeks Sh17.4bn for Lamu port works
MV Cap Carnel at the new Lamu Port on 20th May 2021. Lamu Port kicked off its operations and Maritime stakeholders are in high Spirits that the Port will open a wide range of new opportunities of trade between Kenya and her neighbours. FILE PHOTO | NMG
The Kenya Ports Authority (KPA) says it requires Sh17.4 billion to buy equipment and complete the construction of the two berths at the port of Lamu.
Tender documents show that the KPA targets borrowing Sh12.4billion from local and foreign banks, of which Sh3.2 billion will be used to complete construction works at the port that is not yet fully operational.
