The President of Kenya Uhuru Kenyatta has signed a US$480m deal with China Communication Construction Company Group to see the firm construct 3 berths in Lamu port. The berths are part of the 32 berths expected to be constructed in the port complex.
The three berths to be constructed will facilitate handling of general cargo, bulk cargo and container cargo.
US$50 million has already been set aside by the Kenyan government for the commencement of the project. This is part of the Lamu-Port-South Sudan-Ethiopia Transport Corridor Project (LAPSSET) Corridor Program.
The signing of the deal is major advancement for the Lamu Port South Sudan-Ethiopia Transport Corridor (LAPSSET) expected to be ready by the year 2030. The project is meant to supplement the Northern Corridor that handles most of the Kenya’s transit cargo. The LAPPSET project will connect the East and West coast of Africa. The total cost of the project stands at US$24bn.
The president indicated that the steps made shows the government’s commitment in realizing the LAPSSET project and he hoped that the partnership will implore other private investors to cash in the construction of the remaining 29 berths.
The project will not only improve the economy of Kenya but also the lives of the people living along the transport corridor. The port of Lamu will handle 24 million tons of cargo once the project is complete.
US$480m deal with China Communication Construction Company Group, China Communication Construction Company to construct 3 berths at the Lamu port, 32 berths expected at port complex
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