• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Monday, May 19, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

KeNHA Signs Kes 17.9 Billion LAPSSET Deal with Chinese Firm

Leah Wamugu by Leah Wamugu
in Business News
Reading Time: 2 mins read
A A
0
Kenha
Share on FacebookShare on Twitter

The Kenya National Highway Authority (KeNHA) and China Communications Construction Company Monday signed a Kes 17.9 billion  (about 166 million U.S. dollars) deal to construct a 453-km road that is part of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor project.

RELATED POSTS

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

Oil Prices Soar as Iran fires missiles at Israel

In a statement, Peter Mundinia, the director-general of KeNHA, said the tender award agreement is for stage construction of the LAPSSET development project and spur roads in the country’s southeast region.

The road construction comprises the 257-km Lamu-Ijara-Garissa section, which is part of the LAPSSET project Hindi-Bodhei-Basuba-Kiunga section, which spans 113 km and the Ijara-Sangailu-Hulugho section, which extends 83 km.

The LAPSSET has seven components that include construction of the Lamu Port at the Manda Bay; construction of railway line from Lamu to Isiolo (northern Kenya), Isiolo to South Sudan, and Isiolo to Ethiopia; construction of airports at Isiolo, Lamu and Lake Turkana and construction of the highway from Lamu to Isiolo, Isiolo to South Sudan, and Isiolo to Ethiopia.

Other components include construction of resort cities at Lamu, Isiolo and Lake Turkana; construction of an oil refinery at Lamu; and constructing an oil pipeline from Lamu to Isiolo, Isiolo to South Sudan Isiolo to Ethiopia.

The Kes 2.5 trillion projects are expected to promote regional socio-economic development along the transport corridor, especially in the Northern, Eastern, North-Eastern and Coastal parts of Kenya.

KeNHA Chairman Wangai Ndirangu, a week ago, revealed that the project’s had already been budgeted for in the current financial year.

Buy JNews
ADVERTISEMENT

“The two security roads will have a two-pronged effect in improving security within the Lamu-Boni area, as well as opening up the area for future investors once the Lamu Port operationalisation takes off later this year,” stated Wangai Ndirangu.

Once complete, the highway will form a permanent route for ferrying goods along the Northern Corridor all the way up to Southern Ethiopia.

This comes a day after Transport Cabinet Secretary James Macharia issued an ultimatum to engineers from China Wu Yi firm over the delays in the Kes16 billion Waiyaki way expansion project. The project involves expanding the 25km James Gichuru-Rironi Road stretch along Waiyaki Way into a superhighway. The project, which began in 2017, had been slated to be completed in December 2020.

The CS James Macharia said the delays were becoming more frequent and gave an ultimatum for the road to be completed by the end of July 2021.

Read also; Kenya Business Activity Slows Sharply in March.

 

Post Views: 1,127
Tags: Kenya EconomyKenya National Highways Authorityspotlight
Previous Post

Gold Eases 0.3% as Benchmark U.S Yields Rebound

Next Post

Asian Pacific Stocks Mixed ,China Keeps Lending Rate Unchanged

Leah Wamugu

Leah Wamugu

Related Posts

Global Markets Asian markets
Business News

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

by Rennie Odek
Muya Guo Head of Chinese Segment at Stanbic Bank Kenya
Business News

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

by Felix Ochieng
Brent Crude Oil Prices WTI
Business News

Oil Prices Soar as Iran fires missiles at Israel

by Githere Eddie
Kakuzi logo
Business News

Kakuzi Plc Joins the List of NSE Firms Issuing Profit Warning for 2023

by Felix Ochieng
Next Post
Asia traders

Asian Pacific Stocks Mixed ,China Keeps Lending Rate Unchanged

NSE market Report

Market Report; 20 April, 2021

Wall Street

Wall Street Ends Lower as Virus Spike Hits Travel Stocks

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,098)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,189)
  • Hilda Njeru Takes over at CDSC (2,056)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,899)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,798)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Equity Group Africa Guarantee Fund

Equity Group Receives 500Mn from AGF in MSMEs Financing Deal

Image of workers of NSE discussing Market report

NSE Market Report 11 April 2025: Britam moves 15.1 Million Shares

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$349.98  2.09%  
GME 
$28.45  0.63%  
MSFT 
$454.27  0.25%  
AAPL 
$211.26  0.09%  
AMC 
$2.95  4.98%  
ABNB 
$138.00  0.88%  
GOOGL 
$166.19  1.36%  
AMZN 
$205.59  0.20%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?