The US-based infrastructure company Everstrong Capital and CPF Capital & Advisory Limited have officially signed a project agreement to raise Ksh129 billion for the construction of the Nairobi-Mombasa Expressway.
The 440-kilometre highway, which connects two of Kenya's largest cities, is expected to cost Ksh464 billion.
The project aims to enhance the country's transport sector, improve regional connectivity, and drive economic growth.
Representatives from the two firms, while signing the agreement, revealed plans to secure the funding through loans from pension funds, investment banks, and insurance companies.
