State unveils JKIA upgrade funding plan

The 70-30 formula will see the government utilise the newly established National Infrastructure Fund (NIF) to attract other investors such as pension funds...

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The Kenyan government has unveiled a funding plan for the expansion of Jomo Kenyatta International Airport (JKIA), with ground-breaking set for June.

The project will utilize a 70-30 debt-equity ratio, with the National Infrastructure Fund (NIF) attracting private investors.
Transport Cabinet Secretary Davis Chirchir stated the government aims to invest 18 per cent of the total project cost to encourage private sector participation.
The estimated cost of the expansion was previously cited as Sh206 billion by a withdrawn proposal.