Gautam Adani’s Adani Group continues to expand its business empire. Adani Airport Holdings Ltd (AAHL), part of the conglomerate, has proposed an investment in upgrading Nairobi’s Jomo Kenyatta International Airport (JKIA). The investment proposal, submitted under the Public-Private Partnerships Act 2021, seeks to modernize the airport with a new passenger terminal, second runway, and refurbishment of existing facilities. This development comes after the Kenyan government greenlit a plan to revamp the airport’s infrastructure.
AAHL currently manages seven airports in India and is also developing the Navi Mumbai airport. The company is actively expanding its airport operations. JKIA Managing Director and Chief Executive Officer Henry Ogoye stated that the proposal was submitted following the Kenyan government’s approval of a medium-term investment plan to upgrade the airport’s passenger terminal building, runway, taxiway, and apron. He emphasized the strategic importance of JKIA as a national asset, recognizing that its aging infrastructure hinders regional competitiveness.
The investment proposal will undergo a thorough review process. Technical, financial, and legal evaluations will be conducted in compliance with the Public Private Partnerships Act 2021. Further, the project agreement will require stakeholder engagement and approval from the National Treasury, Attorney General, and Cabinet.
JKIA, built in 1978, is a crucial national asset. The airport’s aging infrastructure poses a challenge to Kenya’s regional competitiveness. Adani Airport Holdings Ltd’s investment proposal aims to address this issue and enhance JKIA’s infrastructure and services.
