Project feasibility study approved
Approval of the FS.
Transport and Infrastructure
Kenya National Highways Authority (KeNHA)
The Government of the Republic of Kenya through the Ministry of Transport and Infrastructure represented by Kenya National Highways Authority (KENHA) identified the need to expand the road capacity and improve the road quality between Nairobi and Mau Summit in order to accommodate the increasing traffic in a safe and sustainable manner. This road is intended to support Kenya’s primary growth sectors namely – Commerce, Tourism, Agriculture, Rural production and extractive Industries.
KeNHA intends to procure work and services through entering into a 30 year concession with a private party who will design, build, finance, operate and maintain the Nairobi – Nakuru – Mau Summit Highway in order to accommodate the increasing traffic in a safe and sustainable manner. In summary the project includes: Operation and Maintenance of the Gitaru Rironi section. Widening to a four lane separated highway, and operation and maintenance of A8 from Rironi to Mau Summit. Strengthening, operations and maintenance of A8 South from Rironi to Naivasha.
Intercontinental Consultants and Technocrats PVT. Ltd. ICT was engaged in its capacity as a Transaction Advisor to provide advice on the project, including all the detailed financial, technical and legal work required to prepare the Contracting Authority to implement the proposed project from Inception to Financial Close. The Transaction Advisor was engaged to take charge in the completion of the initial project appraisal including: preparation of a Feasibility Study report; carrying out a procurement and PPP options analyses and recommending the best PPP mode of delivery; Assist the client in leading the development of a procurement strategy and timetable for the project, including key milestones, deliverable and approval; stages; and conduct a comprehensive economic and financial analysis for the project including developing a detailed and comprehensive Project Financial Model. Additional services include: preparation of bidding documents (including the EOI, RFQ and RFP documents); and provision of support during the bidding process, including tender evaluation and bidder negotiations until Financial Closure.
Intercontinental Consultants and Technocrats PVT. Ltd, to advise KeNHA and the PPP Unit on matters related to the Bidding Process and the Project. The main objective of the consultancy is the provision of Transaction Advisory Services for a PPP tender to be awarded through competitive bidding under the PPP Act, 2013 as a concession agreement to a Project Company for the Development, Operation and Maintenance of the Nairiobi – Nakuru – Mau Summit Highway Project. The Transaction Advisor will provide advice on the project, including all the detailed financial, technical and legal work required to prepare the Contracting Authority to implement the proposed project from Inception to Financial Close. The Transaction Advisor will complete a feasibility study to standard that will enable the Contracting Authority to establish the commercial attractiveness and bankability of the project. During the procurement phase, the transaction Advisor will advise the Contracting Authority on optimum risk allocation and the resultant contract structure including preparation of all necessary documentation and requisite approvals.
Approval of the FS.