The China Road and Bridge Corporation is building a massive 500 M$ expressway right through Nairobi. But this project is different than previous Chinese-financed infrastructure initiatives in Kenya where the government borrowed billions from the China Exim Bank.
Instead, the Nairobi Expressway is a PPP where CRBC is putting up the money and in turn, will receive a long-term concession to recoup its investment before handing the road back to the Kenyan government. But in Kenya, as in many countries, PPPs are complicated and very risky.
The podcast discusses why this road could tell us a lot about the future of infrastructure financing in Africa.
Source: The China in Africa Podcast