AFTER SEVERAL postponements, Kenya’s President, Uhuru Kenyatta will preside over the ground breaking ceremony for Nairobi’s green field terminal at JKIA, to day, December 3rd .
The US$ 653 million terminal has been has been on the balance for a while due to financial considerations. The terminal will be developed on a design, build, finance, operate and transfer (DBFOT) basis. It will not get any guarantees from the Kenya government. Consequently, financiers were slow footed in taking the risk. The terminal will be guaranteed entirely by the strength of the balance sheet of Kenya Airports Authority, the agency that owns airports in Kenya.
However, the authority will now foot 15 per cent of the costs.The agency increased the airport tax to $40 for departing passengers since last year. By now,it has accumulated a tidy sum that it is using to begin construction work at the terminal, said Engineer Joseph Kamau, the Cabinet Secretary in charge of transport.
All necessary inputs are in place: Two Chinese firms, Anhui Construction Engineering Group and state-owned China National Aero-Technology International Engineering Corporation will build the terminal jointly with Pascall and Watson Architects. The supervising consultant is also in place.
The ground breaking will pave for the construction, which will start soon thereafter. The work will last 30 months, meaning terminal shall be completed by mid-2016. Engineer Kamau indicated that three consortia have made competitive bids to finance the project and that soon one of them will be identified and contracted.
For further reading go to:http://eaers.blogspot.com/2012/02/authority-awards-640-m-contract-for.html