KPA targets Sh64b revenue in five years
Kenya Ports Authority (KPA) hopes to increase its revenue to Sh64 billion within five years as part of its strategic plan to revamp the port of Mombasa.
The authority intends to significantly improve the amount of goods passing through the port of Mombasa from 30.9 million deadweight tons (DWT) to 41.4 million, a milestone that would turn it into a world class port of choice.
KPA has also projected 100 per cent uptime and full system integration, meaning there will be smooth and uninterrupted operations at East Africa’s largest seaport in the strategic plan launched yesterday in Mombasa.
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The initiative is expected to cost at least Sh1 billion every year.
Transport and Infrastructure Cabinet Secretary James Macharia said the plan will help KPA continue contributing to the “growth of international trade.”
“The plan was drawn after a meticulous process that involved various stakeholders, took consideration of pertinent concerns and is in line with our Constitution, Vision 2030 and blue economy development agenda,” he said.
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It will also help attainment of President Uhuru Kenyatta’s Big Four Plan for food security, affordable housing, manufacturing and access to universal healthcare, he added.
Transport Principal Secretary Esther Koimett said ongoing projects at the port of Mombasa should be fast-tracked in keeping with the ambitious plan.
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“As a ministry we are keen to see timely execution of all ongoing development programmes at the Port of Mombasa and all other ports earmarked for development in the coastline and inland waterways in line with the new strategic plan,” she said.
KPA Managing Director Daniel Manduku said in the last five years, the authority has completed a number of infrastructural projects including the Second Container Terminal and expansion of the Nairobi Inland Container Depot.
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Kenya Ports AuthorityKPACabinet Secretary James Macharia