Kenya announces $10bln ports PPP programme

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Kenya

Kenya intends to lease the operations and administration of five major ports under a public-private partnership (PPP) scheme for 1.4 trillion Kenyan shillings ($10 billion).

According to Business Daily, the Kenya Development Corporation (KDC), a development finance institution, the Kenya Kwanza administration is looking for private players to operate and maintain sections of Kilindini Harbour, Dongo Kundu Port, Lamu Port, Kisumu Port, and Shimoni Fisheries Port.

“The ports will be leased/concessioned to private operators with a landlord-type port management system,” KDC said in its proposition to potential investors.

The Kenya Ports Authority (KPA) and the Lapsset Corridor Development Authority have been designated as the implementing agencies of the planned leasing, the newspaper said.