The United States has said the 473 KM Nairobi-Mombasa expressway project will not burden Kenya with additional debt.
A statement released on Friday said the American Government remains fully committed to fulfilling President Donald Trump’s shared pledge with Kenya to make the road a reality.
“This project by a world-class U.S. company will provide the best engineered solutions for Kenya’s infrastructure needs at a lower price than competitors and for far better value.
“Furthermore, doing business with a U.S. company helps combat corruption through the anti-bribery provisions of the Foreign Corrupt Practices Act,” the U.S. envoy Kyle McCarter said.
McCarter said contrary to recent press reports, the highway is an investment that won’t saddle Kenya with unsustainable debt.
In August 2017, the Kenya National Highways Authority (KeNHA) formally signed a commercial agreement with Messer Bechtel International Inc for the construction of the 473 km Nairobi- Mombasa (A8) expressway.
The project will be supported with financing from Export Credit Agencies (ECAs) in the United States of America.
However, President Uhuru Kenyatta and President Donald Trump agreed to undertake further consultations to conclude the terms of the financing agreement.