Kenya's highways authority and U.S. infrastructure investment manager Everstrong Capital have signed a US$3.6 billion agreement to build a 440 km (273 miles) highway between the capital and port city of Mombasa.

A bigger highway between Mombasa and Nairobi has been on the wish list of successive governments, aiming to ease congestion on the busy road to and from the port. The project anticipates attracting investments totaling US$3.6 billion, sourced from international investors, development agencies, pension funds and an exceptionally large number of Kenyan private investors.