Kenya in talks with Transnet to operate seaport
The port’s main purpose is to export oil and will link the pipeline, roads, rail and airports to neighbouring countries as part of a massive regional infrastructure plan
Nairobi — Kenya is in talks with Transnet to operate a seaport that the East African country is developing to partly use for planned exports of oil. The state-owned SA logistics company is leading a group of companies that are pitching to provide the equipment for the initial three of 32 berths planned at Lamu port, and to operate the facility, Kenya Ports Authority managing director Daniel Manduku said. “We are still negotiating,” Manduku said in an interview, without specifying the value of the deal. “We hope to have made a decision by end of March.” Kenyan president Uhuru Kenyatta is seeking to increase private investment to expand infrastructure and boost economic growth. This comes as the International Monetary Fund advises the government to restrain spending to further reduce its fiscal deficit from 7.5% of GDP at the end of June 2018. The country’s national treasury earlier said a group of companies is seeking a 25-year public-private partnership to operate the Lamu port. Lam...
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