Politics and policy
By ANNIE NJANJA
Following ground breaking in December last year, work
on Jomo Kenyatta International Airport’s new terminal should have begun
early this year.
The search for a lead financier, however, took much longer than expected.
The search for a lead financier, however, took much longer than expected.
Last month, Kenya Airports Authority (KAA) managing director
Lucy Mbugua announced that work is expected to start “before end of
January 2015”.
This is after the agency signs a loan agreement with the African Development Bank (AfDB).
“Once the loan is approved, we will be in a position to kickstart the main construction,” said Ms Mbugua.
Detailed design and preliminary excavation works
were complete and the project will be delivered by 2018 as per the
schedule, she said.
The 178,000m2 terminal, to be built at a cost of
Sh56.5 billion, will increase JKIA’s capacity from 6.5 million to 20
million passengers per year.
An additional 5.5km runway will also be constructed
to handle larger flights and increase the number of aircraft handled at
a go.
KAA is expected to finance 15 per cent of the
project’s cost through public-private partnerships while the balance
will be provided by the government and a syndicate of banks arranged by
the African lenders.
Once operational, the new terminal will have 50
check-in counters, eight air bridges for aircraft to dock at, and apron
space with 45 parking stands.
The year also saw the agency sign a Sh5.9 billion
loan agreement with the French Development Agency (AFD) to fund work on
Mombasa’s Moi International Airport.
KAA says it is rehabilitating airside pavements, including airfield ground lighting and upgrade of power and water supply.
“The renovation efforts are geared towards keeping
the airport at recommended international aviation standards and
practices,” Ms Mbugua said during the signing of the loan agreement.
The loan, which is a credit guarantee, has a grace
period of five years and a repayment plan of 20 years. It will attract
4.1 per cent in interest
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