Govt sets Sh100bn minimum capital for JKIA upgrade bidders
According to tender documents titled “The Proposed Design, Development and Modernization of JKIA” issued by the State Department for Aviation and Aerospace, interested firms must demonstrate access to at least Sh100 billion in cash flow. Kenya breaking news | Kenya news today..
✨ Key Highlights
The Kenyan government has set a Sh100 billion minimum capital requirement for companies bidding to upgrade Jomo Kenyatta International Airport (JKIA).
- Bidders must demonstrate access to at least Sh100 billion in cash flow, not tied to assets or credit lines.
- The Transport Cabinet Secretary, Davis Chirchir, unveiled plans for a new terminal and modernized infrastructure.
- This upgrade follows the termination of a previous Sh238 billion agreement with Adani Group.
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