Rift Valley Connect, a consortium led by France’s Vinci and Meridiam, has been announced as the winner of the Nairobi-Nakuru-Mau Summit Highway project.
The concession was signed yesterday in a meeting with French President Macron and Kenyan President Uhuru Kenyatta at the Élysée Palace which was presiding over a number of PPPs in the water, infrastructure and energy sectors.
The $1.3bn project will widen, deepen, and upgrade the existing 175-km dual two-lane motorway, which will then be tolled by the consortium.
The concession is set to run for 30 years, with the construction phase anticipated to take 42 months.
Financial close is expected in 2021.