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.
MTBS will undertake a feasibility study on the commercial and technical viability of the project to be implemented by the Kenya Ports Authority (KPA). The firm shall provide all support in preparing and executing the transaction, including market forecasting, PPP structuring, contract and transaction process design and implementation support.
The project involves the development of Kisumu Port into a modern commercial Lake Port to serve the growing trade in the Eastern Africa region. It is expected to be developed though a build, operate and transfer (BOT) model. The preferred bidder would be responsible for the development, operation and maintenance of the port.
The total project investment is estimated at Sh22.5 billion (US$238.7 million). The project is supported by the World Bank.
Kisumu is the third largest city in Kenya, the principal city of western Kenya, the immediate former capital of Nyanza Province and the headquarters of Kisumu County.
Country news
-
-
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 -
May 14, 2015
Kenya to sign cable car concession
Trapos Limited and Kenya Ferry Service (KFS) expects to achieve soon commercial closure for the Mombasa island cable car public private partnership (PPP) project. Read more -
June 03, 2015
Kenya Ports Authority may participate in Mombasa port PPP
Kenya Ports Authority (KPA) may participate in the public private partnership (PPP) scheme to operate and maintain a second container terminal in Mombasa port, Kenya. Read more -
June 15, 2015
Nairobi City County seeks qualifications for car park PPP
Nairobi City County, Kenya, has launched a request for qualification (RfQ) for the Multi-storey car park & commercial facility within Nairobi CBD. Read more -
June 22, 2015
Kenya signs student housing PPP
Kenyatta University (KU) and Africa Integras, a New York-based firm which invests in university infrastructure, have signed the KU student housing public private partnership (PPP) project. Read more
