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Treasury gives US firm ultimatum on Sh468bn Nairobi-Mombasa Expressway plan
Mombasa Road at the Athi River crossing on April 25, 2024. Plans are underway to expand the highway into a four-lane expressway to cut travel time and costs between Nairobi and the port city of Mombasa.
The National Treasury has issued an ultimatum to American investors seeking to build the proposed Nairobi–Mombasa Expressway, warning that the project will be abandoned if a revised plan fails to meet the threshold set by the Kenya National Highways Authority (KeNHA).
Everstrong Capital, a US private equity firm, was given a fresh opportunity to actualise the privately initiated project (PIP), which would rank among the largest public-private partnership deals on the continent.
