Japanese sign US$ 239 million loan for Mombasa container terminal

Japan has planed to invest US$239.05 million in the Mombasa Port Development Project.

This will involve the construction of a second container terminal that would double Kenya's capacity by 2018. The second terminal at Mombasa will be built over three phases to handle 1.2 million TEU. The facility will cover a site measuring 100 hectares and it will be next to the Kipevu Oil Terminal, a kilometre from the existing container terminal. The Project will involve dredging the port's channel to 15 metres and the widening a turning basin, to accommodate larger vessels. This development comes, as the Port of Mombasa, the largest in the region, has been experiencing traffic growth in recent years owing to a rise in the economies of the countries it serves. The second container terminal is intended to ease congestion at the port.
Read More