The State is pushing Parliament to approve the controversial toll fund law on grounds that it will unlock over Sh162 billion for the construction of the Nairobi Mau Summit highway.
AfDB says it is part of a syndicate of financial institutions set to conclude talks to fund the construction of the Sh180 billion upgrade of the Nairobi-Nakuru highway.
The construction of the Sh160 billion highway from Nairobi to Mau Summit has run into headwinds after two foreign firms moved to the Administrative Review Board.
Building of Sh160bn Nairobi-Mau Summit highway starts September
Friday June 04 2021
By BONFACE OTIENO
The construction of the Sh160 billion toll highway from Nairobi to Mau Summit is expected to begin in September, Transport Cabinet Secretary James Macharia has said, raising hope of reducing traffic congestion on the northern corridor.
The 233-kilometre contract that was awarded to a French consortium made up of Vinci Highways SAS, Meridian Infrastructure Africa Fund, and Vinci Concessions SAS last year will see the road expanded into a four-lane dual carriageway through a Public-Private Partnership model.
The consortium is expected to design, finance, construct, operate and maintain the express.