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PPPs project rights capped at 30 years in proposed law
A Kenya National Highways Authority billboard along the Southern Bypass. The bypass is one of the roads earmarked for tolling station. FILE PHOTO | NMG
The concession period for investors involved in State-owned build-operate-transfer (BoT) projects will be capped at 30 years if Parliament passes proposed changes to the law.
In a BoT model, a government entity grants a private investor the rights or concession to construct and operate a project over an agreed period in exchange for payments. At the end of the contract period, the management of the project is transferred to the government.
