China, Kenya Cut the Ribbon on Hugely Important Infrastructure Financing Experiment

Kenyan President Uhuru Kenyatta together with Chinese ambassador Zhou Pingjian opened the Chinese-financed and constructed Nairobi Expressway on Saturday.

Kenyan President Uhuru Kenyatta, together with Ambassador Zhou Pingjian, officially commissioned the $650 million Nairobi Expressway on Sunday. The project is gearing up to be the most important infrastructure financing test underway in Africa today.

The 27-kilometer expressway was built and financed by the state-owned China Road and Bridge Corporation (CRBC). The company plans to recoup that investment over the course of a 30-year concession.

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by Eric Olander

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