Launches search for port operators
06 Sep 2023
On 6 September 2023, the Kenya Ports Authority (KPA) issued a tender inviting firms to prequalify for the opportunity to develop and operate key port assets through 25-year public-private partnership (PPP) arrangements. The deadline for submissions is 2 November 2023. The assets concerned are (i) Lamu Container Terminal Berths 1-3 (ii) Lamu Special Economic Zone (SEZ), (iii) Mombasa Port Berths 11-14, and (iv) Mombasa Port Container Terminal 1. The assets are currently owned and operated by KPA. The private party will enter into a 25-year project agreement with KPA and establish a project company in which KPA retains a minimum shareholding based on a free carried interest. The project company is expected to invest in the terminal infrastructure, equipment, and future required terminal superstructure, and will also maintain the existing and future facilities. Prospective port operators must have at least 10 years of experience in container terminal operations and at least two successful container terminals directly operated as a concessionaire with a minimum annual throughput of 2 million TEUs. For the SEZ, the applicant is required to be able to demonstrate involvement in developing, managing and/or operating at least one greenfield SEZ or logistics park covering a minimum of 100 acres, and should be operating at least one with a minimum investment of $200 million.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Transportation and storage)
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Sources:
