Indian infrastructure firm Adani Airports Holdings has put forward a proposal for a significant $1.85 billion (Sh240 billion) upgrade of Jomo Kenyatta International Airport (JKIA) in Nairobi. The ambitious plan, detailed in a proposal obtained by the Star, aims to transform JKIA over the next three decades.
Central to the proposal is Adani's request to operate JKIA under a 30-year concession. During this period, the firm would pay the Kenya Airports Authority (KAA) a fixed annual fee.
The documents outline that Adani plans to pay KAA Sh6 billion per year for the first five years. This fee would increase to Sh6.7 billion by 2035 and continue to rise in subsequent years, reaching Sh9.8 billion by the 30th year of the agreement.
