Kenyan President Uhuru Kenyatta cuts the ribbon at the commissioning ceremony of the Nairobi Expressway financed by the China Road and Bridge Corporation in Nairobi on Sunday. Photo: Reuters
China-backed Nairobi Expressway opens in Kenya, paving way for more cautious financing model
- US$668 million tollway linking capital to country’s main airport built by public-private partnership reflects Beijing’s wariness
- Chinese firm to recoup its investment by charging toll fees for 27 years before transferring it to Kenyan government
Kenyan President Uhuru Kenyatta cuts the ribbon at the commissioning ceremony of the Nairobi Expressway financed by the China Road and Bridge Corporation in Nairobi on Sunday. Photo: Reuters
