The Treasury has revealed a Sh103.76 billion termination or break fee that Kenya will pay to the owners of the Nairobi Expressway should the 27-year public-private deal be terminated prematurely.
The disclosures show termination of the Chinese-backed expressway dwarfs all other public-private partnership (PPP) break fees, underscoring the extent to which its owners sought to protect themselves from regime transitions in a country where new administrations have cancelled or revised mega projects.
