In a bid to Construct a 440 km Highway $3.6 Billion Consensus Autographed between Kenya’s Highways Authority and Everstrong Capital

By Abdul Rahman Bangura-

Photo Credit: Road Traffic Technology

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- This project that schedules to curtail congestion and entice
important ventures between Nairobi and Mombasa. The deal was disclosed during President William Ruto’s state visit to the USA.

Kenya’s highways authority and U.S. infrastructure investment manager Everstrong Capital have signed a $3.6 billion agreement to build a 440 km (273 miles) highway between the capital and port city Mombasa, the company said on Thursday. 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 $3.6 billion, sourced from international investors, development agencies, pension funds and an exceptionally large number of Kenyan private investors,” Everstrong noted in its statement. The deal intercepts with Kenyan President William Ruto’s visit to the United States, the first such state visit by a leader from Sub-Saharan Africa since 2008.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent