IL&FS wins road concession in Kenya
ITNL International, a wholly owned subsidiary of IL&FS Transportation Networks, and Hemby Holdings (a 20% Kenyan JV Partner) have won a 175 Km road concession in Kenya.
The concession, awarded by the Kenya National Highways Authority (KeNHA), involves the design, build, finance, maintain and transfer of 175 Kms of road. The road PPP project has a concession period of 10 years (incl. construction period of 2 years).
The total project investment is estimated at US$325 million. The Semi-Annual Annuity payable will be US$47.50 million, which will commence after 6 months from the commencement of the concession period. The concession agreement also provides for protection from foreign exchange fluctuation and indexation in annuity to Consumer Price Index (CPI) changes.
The government of Kenya has adopted an ambitious plan to develop and rehabilitate 10,000 km of the roads network within the next five (5) years.
The 3,000 km Phase 1 of the Programme adopts a "Finance-Design-Build-Maintain-Transfer" PPP scheme.
Country news
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March 25, 2015
Kenya seeks interest from foreign financiers for PPP projects
The government is seeking interest from foreign financiers for the Mombasa-Nairobi highway expansion PPP project and for the Nairobi - Nakuru road PPP project. Read more -
April 10, 2015
Kenya launches tender for health PPP project
The Kiambu county government, Kenya, has launched a request for expressions of interest (RFEOI) for the County Government Hospital master plan under PPP. Read more -
April 20, 2015
Kenya launches tender for hospital through PPP
The County Government of Nyeri (Kenya), through the Department of Health Services, has launched a tender process to redevelop the Mt. Kenya Hospital.The project involves the redevelopment of the Mt. Kenya Hospital, which is currently a public level IV hospital, into a 200 bed capacity specialty hospital. In addition to the 200 bed capacity hospital, a doctors' plaza with 30 consultation rooms for lease is also proposed. Read more -
April 27, 2015
MTBS selected as Transaction Advisor for Kenyan port project
The Kenya Public Private Partnership Unit (PPPU) has selected Maritime & Transport Business Solutions (MTBS) as its transaction advisor for the Kisumu sea port development project. Read more -
May 06, 2015
COMESA infrastructure fund gets capital injection
The Common Market for Eastern and Southern Africa (COMESA) infrastructure fund has got a capital injection of US$21.9 million. Read more
