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China-Kenya deal to see Lamu Port takeoff

By | May 5th 2010 at 00:00:00 GMT +0300


President Kibaki returned home from Shanghai, China after a successful five-day state visit.

The construction of Lamu port was top on the agenda he discussed with the Chinese President Hu Jintao.

The two leaders agreed that the port had the potential to open up vast parts of Northern Kenya and benefit regional economies of Southern Sudan and Ethiopia. They agreed to prioritise the construction of the Lamu Port as a key pillar project towards the attainment of Kenya’s development blue print, the Vision 2030.

The discussions also looked at appropriate modalities for financing the project to avoid any funding gaps.

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The latest deliberations confirm that Kenya has edged closer to the development of the second port at Lamu. The Government has already commissioned feasibility studies on the port and accompanying infrastructure, which include a railway line linking Lamu to the regional network.

Extension of grant

The bilateral talks with President Hu Jintao included the extension of a Sh1.2 billion grant towards Kenya’s development projects.

Over 192 countries participated in the expo, which accorded Kenyans an opportunity to promote her products and services to the vast Chinese and Asian markets.

President Kibaki said China was a genuine development partner and critical ally in Kenya’s economic revival that has led to major infrastructural development in the country.

He noted with appreciation that China remained one of the leading bilateral donors to Kenya.

PPS China President Hu Jintao president Kibaki
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