Concessions firm Vinci and asset manager Meridiam have won a contract to construct a €1.3bn motorway in Kenya.
The French companies have been awarded a public-private partnership contract by the government of Kenya to develop the Nairobi-Nakuru-Mau Summit Highway, a project scheduled for completion in 42 months.
The project, which will transform the existing trunk road into a 175km dual two-lane motorway, involves the design, financing, widening and renovation work, operation and maintenance of the new highway for 30 years.
The deal represents the first PPP won by Vinci’s concessions business in Africa and Meridiam’s commitment to Kenya, which began in 2016, the companies said.
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