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State turns to development banks for JKIA expansion

NAIROBI, Kenya, Aug 12 – The government is seeking about $2 billion from development banks to revive plans for expanding the Jomo Kenyatta International Airport (JKIA).

Transport Cabinet Secretary Davis Chirchir told Reuters that letters of support have been sent to China Exim Bank, KfW, Japan International Cooperation Agency, the European Investment Bank, and the African Development Bank.

The funding would go toward building a second runway and new terminal buildings at the airport.

This revival comes after the government dropped a bid by India’s Adani Group to develop the airport following public backlash.

Last year, President William Ruto cancelled the over $2.5 billion deal with Adani Group after its founder, Gautam Adani, was accused of fraud in the U.S. The arrangement would have handed the group full control of Kenya’s main airport.

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