A joint venture of VINCI Highways unit Rift Valley Highway, VINCI Concessions, and Meridiam SAS has signed an agreement for the development of about €1.3bn Nairobi-Nakuru-Mau Summit Highway project in Kenya.
The agreement has been signed with the Republic of Kenya, through its Public-Private Partnership Unit and the Kenya National Highways Authority (KeNHA).
The agreement is subject to completion of an environmental and social impact assessment in compliance with the standards of the World Bank.
Said to be a strategic infrastructure for the country’s economic development, the project involves transforming the existing trunk road into a 175 km dual two-lane motorway.
The financial close of the project is scheduled by the end of 2021.