African Development Bank (AfDB) has approved financing of US$150 million to support a Nairobi-Nakuru-Mau Summit Highway Public-Private Partnership (PPP) Project in Kenya.
The project involves the development of the A8 and A8 South highways, including the transformation into a four-lane carriageway of the existing 175 km of A8 road from Rironi to Mau Summit and strengthening and maintenance of the 57.8 km two-lane A8 South from Rironi to Naivasha over a period of 30 years.
The US$150 million from AfDB’s non-sovereign operation lending window, forms part of a DFI tranche to Rift Valley Highways Limited – a Special Purpose Vehicle (SPV) incorporated in Kenya and wholly owned by VINCI Group and Meridiam Infrastructure Africa Fund. The project is expected to generate 1,500 jobs during construction and 200 during operation and has at least 40% local content in the form of labor and locally sourced materials.
Country updates
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