First 3 berths have costed less than $484 mln, leta evidence ya $689 mln!
The first phase of the port — involving three berths to handle container, convectional and bulk cargo vessels — was fully funded by Kenya at a cost of $48 million.
The construction of the first three berths, out of the expected 32, began with dredging works in December 2016.
China Communications Construction Company Wins Lamu Port Phase 1 Contract
April 11 | Posted by David Goldman |
Geopolitik,
Intelligence News
A consortium of companies led by China Communications Construction Company has won a 41 billion shillings ($484 million) contract to build the first three berths at Lamu port.
The LAPSSET project will see the consortium build the first three berths at Kenya’s new mega port in Lamu.
Lamu Port-South Sudan-Ethiopia (LAPSSET) transport corridor project will add 2 to 3 percent to Kenya’s economic growth further putting Nairobi in good stead geopolitically.
Intelligence reports that China Communications Construction Company through its flagship international arm, China Road and Bridge Corporation (CRBC), in 2011 won a $66.7 million contract in Kenya to expand the number of berths at Mombasa port.
Mombasa port is the largest port in east and central Africa’s.
For LAPSSET, Development Bank of Southern Africa (DBSA) is offering $1.5 billion as contribution to the construction.
The building of the Lamu Port berths by China Communications Construction Company will take approximately 3 years.
China Communications Construction Company Limited (CCCC) is making good progress with the construction of the first three berths for the new Lamu Port. According to the Lamu Port-South Sudan-Ethiopia-Transport (Lapsset) Corridor Development Authority director general Sylvester Kasuku, the...