Nairobi Expressway Cost: The Nairobi Expressway will cost an extra Sh. 7 billion. This has been revealed by the China Communications Construction Company (CCCC), the parent firm of China Road and Bridge Corporation (CRBC), which is funding and constructing the expressway.
According to the new figures, the Expressway will cost an estimated $668 million (Sh. 72.8 billion), up from the $599 million (Sh. 65.2 billion) which had been earlier stated as the final cost of the Expressway.
“The value of contract of the BOT (build operate transfer) project of Kenya Nairobi Expressway Investment in the form of infrastructure and other investment project amounted to RMB 4,602 million equivalent to approximately $668 million,” China Communications Construction Company said. So far, the firm has invested 1.19 billion RMB (Sh. 20.3 billion) at current exchange rates on building the Expressway.
Under the previous figure, the firm was expected to rake in profit worth Sh. 106 billion for the twenty seven years that it will operate the expressway. This meant that the firm will be raking in about Sh. 4 billion per year.
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.
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.