U.S. Company Reveals Next Action After Losing Ksh 468B Nairobi-Mombasa Expressway Suit

The Ksh468 billion project involved the construction of a four-to-six-lane expressway connecting two of the country's largest cities, built to international standards...

✨ Key Highlights

Everstrong Capital plans to appeal a ruling by the Public Private Partnerships (PPP) Petitions Committee after its petition concerning the Ksh468 billion Nairobi-Mombasa expressway project was declined.

The project's value is estimated at Ksh468 billion.
The key organization involved is Everstrong Capital, a United States infrastructure company.
Everstrong Capital expressed disappointment and cited concerns about investor confidence and the cost of capital for national projects due to uncertainty in reviewing privately financed infrastructure proposals.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article

Related News

Kindiki Announces Tarmacking of 217km of Roads in Laikipia

New

top1h ago

Kindiki Announces Tarmacking of 217km of Roads in Laikipia

The Kenyan government has announced plans to tarmac 217 kilometers of roads in Laikipia County as part of a broader infrastructure development strategy. This initiative aims to enhance connectivity and stimulate economic growth within the region.

Capital News

📰 Read Full Story

business5h ago

Counties to receive Sh10.5bn Road Levy share under new funding proposal

The Ministry of Roads and Transport has proposed a new framework to allocate Sh10.5 billion from the Road Maintenance Levy Fund (RMLF) directly to county governments.

Capital Business

📰 Read Full Story