- Government Initiative: The government of Kenya has announced plans to construct a new expressway at Kiambu Road in Nairobi with the aim of easing congestion and traffic jams in the city. The Announcement by Kipchumba Murkomen, Transport and Infrastructure Cabinet Secretary about the new Kiambu Road expressway plan was done during the official launch of the Nairobi Expressway Haile Selassie Exit Plaza.
- Public-Private Partnership (PPP): The construction of the Kiambu Road expressway will be undertaken through a Public-Private Partnership model. This approach allows the government to leverage resources and expertise from the private sector for financing infrastructure projects.
- Purpose: The expressway aims to alleviate traffic congestion along Kiambu Road and improve connectivity between different parts of Nairobi, including the Central Business District (CBD), Upper Hill, and Ngong Road.
- Moja Expressway Company Success/Nairobi Expressway: The Moja Expressway Company, acting as the Special Purpose Vehicle (SPV) and Operator of the 27.1km highway, has reported a significant increase in traffic volume from 10,000 trips to about 65,000 trips on weekdays following the launch of the new exit plaza, the success of The Nairobi Expressway is seen as catalyst for the New Project.
- Government Cooperation: The government expressed its commitment to collaborating with both local and international investors and contractors to implement infrastructure projects, aiming to reduce public debt and government expenditure on road construction.
- Road Dualling: Dualling work on Kenya’s Rironi-Mau Summit road in Kiambu and Nakuru counties, expected to commence within the year. This road is part of the Nairobi-Nakuru-Mau Summit Highway PPP project, aiming to enhance connectivity to Kenya’s Rift Valley, Western Kenya regions, and beyond.
Related Real Estate News