The Kenyan Cabinet on Thursday approved a KSh6.9 billion ($69 million) budget for the development of an Inland Container Depot at Naivasha. The funds will support the development of the Naivasha Special Economic Zone and the impending completion of Standard Gauge Railway (SGR) phase 2A.
The special Cabinet meeting at State House, Nairobi said the billions will be used to develop an inland container depot, railway marshalling yard, logistics zone, and public utility area.
“It will also fund other core enabling infrastructure to support the development of the Naivasha Special Economic Zone and the impending completion of SGR phase 2A,” said State House Spokesperson Kanze Dena.
The development of the ICD facility is seen as critical to facilitating trade with other countries in the region including Uganda and South Sudan.
Uganda and South Sudan were given free land in Naivasha in March and July respectively to build godowns to ease movement of goods at the dry port.
The Naivasha facility will provide storage of cargo especially those destined for Uganda, South Sudan, Northern Tanzania, Rwanda, Burundi and the Democratic Republic of Congo.