The planned construction of the Nairobi-Mombasa expressway is expected to generate billions of shillings in revenue once it is completed, according to a US investment company.
Everstrong Capital, through its Senior Advisor Kyle McCarter, announced that upon completion, the 440-kilometre six-lane highway would generate up to Ksh1 trillion in long-term revenue.
In a statement on Wednesday, May 28, McCarter termed the project, which would be implemented under the Public-Private Partnership (PPP), as the most effective, efficient, impactful, and future-focused project. "For the Government of Kenya, it means access to global financing without burdening public coffers, the creation of thousands of new jobs, and an anticipated Ksh1 trillion in long-term revenue," McCarter told stakeholders.
Everstrong Capital's Senior Advisor, Kyle McCarter, submitting a 2300-page feasibility study report to KeNHA official for the construction of the Nairobi-Mombasa Expressway.
