Meridiam, Vinci Concessions and The Republic of Kenya signed a concession contract for the development and construction of the Nairobi - Nakuru - Mau Summit highway on September 30,2020 in the presence of Emmanuel Macron, President of the French Republic, and Uhuru Kenyatta, President of the Republic of Kenya. This 1.3 billion euro project, which is a 50/50 partnership with Vinci Concessions, is one of the largest Public Private Partnership projects in East Africa. It calls for the design, financing, widening and renovation work, operation and maintenance of the new 175-km highway for 30 years.
This new strategic infrastructure for Kenya will enhance the economic and social development of the entire country and the region's connectivity. Safety and traffic conditions will also be improved, reducing traffic congestion and environmental pollution on this major Kenyan roadway. This road is particularly used to transport goods imported into Kenya via the port of Mombasa to neighboring countries such as Uganda and South Sudan.
This contract illustrates Meridiam's commitment to Kenya, which began in 2016 with Allan Munyua, the company's East Africa Director.
In Africa, Meridiam has already enabled the financing and development of major infrastructure projects in less than four years in the areas of energy transition, mobility of goods and people, and social issues for a total amount of more than 4 billion euros, including :
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