KAA confirms receiving proposal from Adani Group for JKIA upgrade
National
By
Stephanie Wangari
| Jul 24, 2024
The Kenya Airports Authority (KAA) has acknowledged receiving an investment proposal from Adani Airport Holdings Limited meant to upgrade the Jomo Kenyatta International Airport (JKIA).
KAA’s confirmation follows demands for transparency from several organisations, including the Law Society of Kenya (LSK) and the Kenya Human Rights Commission (KHRC), regarding the links between JKIA and the Indian-based company.
The proposal, which KAA states will undergo due processes including technical, financial, and legal reviews, includes plans for a building a new terminal, a second runway and the refurbishment of existing facilities at JKIA.
“JKIA’s aging infrastructure is a threat to our regional competitiveness. The Cabinet approved the JKIA Medium Term Investment Plan, covering the upgrade of the passenger terminal building, runway, taxiway, and apron,” said KAA’s Acting Managing Director Henry Ogoye on Wednesday.
Ogoye added, “The investment requirement is significant and cannot be funded under the prevailing fiscal constraints without private funding.”
READ MORE
Regulation of fintech must promote stability and innovation
Ongoing labour unrests are early signs of an economy that's about to collapse
Trailers and weighbridges: The untold story
KTDA moves to restore order in tea bonus declarations
Madagascar tycoon to buy Zuku parent firm Wananchi Group
How container cash deposits are creating a problem for Kenyan traders
Gold rush: How illegal gallbladder trade threatens Lake Victoria fishers
Real estate posts high productivity as challenges hit wholesale, retail sectors
He also assured all staff that their jobs would not be at risk. “I also wish to assure the airport business community and operators that the expanded facility will create additional business opportunities and benefits.”
KAA’s statement came a day after Prime Cabinet Secretary Musalia Mudavadi informed Members of Parliament (MPs) that such a project requires Parliamentary approval.
“The airport is not for sale. This is a public asset, a strategic asset. If it were to be sold, it could only happen after a full public process that parliament endorses,” Mudavadi told MPs.