How Kenya Plans to Fund JKIA Upgrade After Adani Deal Collapse

JKIA has been having infrastructural challenges...
✨ Key Highlights
Kenya plans to fund the Jomo Kenyatta International Airport (JKIA) expansion and other infrastructure projects by issuing a Ksh175.75 billion ($1.36 billion) securitised bond next month, instead of relying on traditional sovereign debt. This strategy leverages the airport's revenues to attract investment.
- The bond will be issued both locally and internationally.
- Transport Cabinet Secretary Davis Chirchir stated this approach shifts the financial burden from the national balance sheet to the asset itself.
- The Ksh258.46 billion ($2 billion) JKIA expansion will include a second runway and a new terminal building, with funding secured against the airport's future income streams.
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