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Saturday, November 23, 2024

 Former UDA chairman Johnson Muthama has questioned the Sh240 billion deal between the government and the JKIA upgrade.

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In a statement on X, Muthama questions whether the country lacks ideas on how to upgrade the infrastructure of its institutions.

He equates the deal to the Anglo Leasing and Goldenberg deals which ended up costing the country.

He notes that while Anglo Leasing and Goldenberg deals initially looked beneficial, they ended up being worse for Kenya.

At the heart of the proposal is a request by Adani to operate JKIA under a 30-year concession, during which the Indian firm would pay the Kenya Airports Authority a fixed annual fee.

According to the documents, Adani offers to pay KAA Sh6 billion per year for the first five years, with the fee rising to Sh6.7 billion by 2035 and climbing further in subsequent years.

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