Lamu Port

28/2/2017
Project development

$ 5 billion

Announced

28/2/2017


Overview:

  • Lamu Port.
  • The project will include the development and financing of a port, road, rail, 800MW combined cycle gas power station and LNG import terminal.
  • The project is being developed by Aeolous Kenya.
  • The port will have 32 deep sea berths, with the first three to be financed by the government and the remaining 29 by private investors. 
  • The first berth is set to be completed by 2018.
  • The overall project is expected to cost $5 billion 
  • The project is part of the wider Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor.
  • The port will compete for its position as East Africa's primary logistics hub with Tanzania's Bagamoyo Port which is also under development.

Anna Kozakova - Journalist

Jurisdiction:

Kenya

Deal type:

Project development

Practice area:

Project development

Industry sectors:

Shipping
Logistics


Firm:

Party: Aeolus Kenya (Project developer)