The Treasury is eyeing a $4.2 billion (Sh540 billion) bonds for expansion of the standard gauge railway (SGR) and Jomo Kenyatta International Airport (JKIA), less than a year after it cancelled a deal with India’s Adani Group.
A Treasury brief seen by the Business Daily shows that it plans to raise $3 billion (Sh387 billion) for the extension of the SGR line from Naivasha to Malaba and $1.2 billion (Sh154.8 billion) for the expansion of the main airport through a securitised bond.