[Source: Business Daily, by John Mutua]
The private company funding construction of the Nairobi Expressway will operate the road for 27 years to recoup funds spent in the project before ceding it to the State.
The Kenya National Highways Authority (KeNHA) said the private firm will be granted concession to operate the road and recover funds through charging motorists toll fees.
KeNHA did not disclose the firm but said the deal has already been signed paving the way for construction of Kenya’s first double-decker expressway at an estimated cost of Sh59 billion and…
