The China Road and Bridge Corporation (CRBC) that is constructing the Nairobi Expressway will rake in profit worth over Sh. 106 billion for the twenty seven years that it will operate the expressway. This means that the firm will be raking in over Sh. 4 billion per year, especially since the cost of construction has increased by Sh. 7 billion. These figures now put the firm’s earnings at over 163 percent of the initial estimated cost of building the expressway.
According to the Kenya National Highways Authority, KeNHA, the CRBC will be given outright concession to operate and run the expressway. “The private company will be granted a concession to build, operate and transfer the project for 30 years that includes a construction period of three years and thereafter an operation & maintenance period of 27 years,” KenHA said.
Reports say that motorists using the road that will link Mlolongo to the Nairobi-Nakuru highway via Jomo Kenyatta International Airport (JKIA) will pay between $1 (Sh. 109.4) and $15 (Sh. 1,641) depending on the size of their cars and the distance traveled.
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The firm’s other major project in Kenya has been the Sh. 474 billion Mombasa-Naivasha standard gauge rail (SGR). Alongside the Nairobi Expressway, the China Road and Bridge Corporation (CRBC) will build the 27.1km road linking the Jomo Kenyatta International Airport (JKIA) to Nairobi-Nakuru highway. This project will take an estimated three years to complete.
The Nairobi Expressway is expected to include a four-lane and six-lane dual carriageway within the existing median of Mombasa Road/Uhuru Highway/Waiyaki Way and 10 interchanges. The project is due for completion by April 2021.