Updated
Updated · Bloomberg · Jun 11
Kenya Awards China Communications $2.9 Billion Airport Upgrade Contract
Updated
Updated · Bloomberg · Jun 11

Kenya Awards China Communications $2.9 Billion Airport Upgrade Contract

1 articles · Updated · Bloomberg · Jun 11

Summary

  • $2.9 billion will go to China Communications Construction Co. under an engineering, procurement and construction contract to expand and modernize Jomo Kenyatta International Airport.
  • Kenya selected the Chinese builder for its biggest airport project after a previous concession agreement with India's Adani Group was scrapped two years ago.
  • The award resets a stalled overhaul of East Africa's busiest gateway and signals Nairobi's move to revive the project through a direct construction contract.

Insights

After canceling India's controversial deal, has Kenya just swapped it for a more expensive Chinese debt trap?
Adani's US legal saga ended with an investment pledge. Does this make China's state offers more appealing in Africa?
Is Kenya's choice a win for China's BRI or a sign of India's fading influence in East Africa?