Local private investors were given a chance to participate in the financing of the Sh472.9 billion expressway after the Kenya National Highways Authority (KeNHA) and US-based private equity Everstron Capital LLC signed a deal to kickstart construction.
Apart from the Mombasa-Nairobi expressway, the government is committed to extending the SGR from Naivasha to Malaba on the border with Uganda and beyond to enhance competitiveness of the Northern Transport Corridor.
Construction of a six-lane Nairobi-Mombasa expressway that is expected to reduce travel time from Kenya’s capital to the coastal city to 4.5 hours, down from 10 and a half hours, will not affect the operations of the Standard Gauge Railway (SGR), the government has said.
Roads and Transport Cabinet Secretary Kipchumba Murkomen said the toll-road deal, which involves a 440-kilometer link between Nairobi, and Mombasa that serves as a gateway for several East African economies will complement the existing infrastructures to make the Northern Corridor more competitive.
