AfDB considering up to $100M loan to fund expansion of Kenya's Jomo Kenyatta International Airport

Jomo Kenyatta International Airport, Nairobi, Kenya

The African Development Bank is considering lending the Kenya Airports Authority as much as $100 million to fund construction of a new terminal and runway at Jomo Kenyatta International Airport in the capital, Nairobi.

“The bank is looking to play a significant role in the project,” Solomon Asamoah, vice president for infrastructure, private sector and regional integration at the Abidjan-based bank, said in a phone interview. Depending on the outcome of talks with the government, the AfDB “stands ready to assist with financing and other means,” he said.

The new terminal will have the capacity to handle 20 million passengers a year, compared with the 7 million that the existing terminal, built in 1978, can process.

Read more: AfDB Considering Loan to Fund Expansion of Kenya’s Main Airport – Bloomberg Business