Vinci Concessions and Meridiam Wins Large Kenyan Highway Concession Project
Posted on 10/04/2020
An investment group consisting of Vinci Concessions and Meridiam SAS won a deal to finance, build, and operate, the new 175-kilometer Nairobi-Nakuru-Mau Summit Highway for 30 years. French President Emmanuel Macron and his Kenyan counterpart Uhuru Kenyatta witnessed the signing of the initial agreement for a €1.3 billion highway public-private partnership (PPP) in Kenya.
Vinci Concessions seeks to rehab a trunk road into a dual, two-lane highway. Financial close of the PPP deal is expected by the end of 2021.
The consortium group on the deal is called the Rift Valley Highway and construction is scheduled to take 42 months. The construction part will be conducted by Vinci Construction subsidiaries Sogea-Satom in Kenya and Vinci Construction Terrassement.
Africa
Meridiam was established in 2005 by Thierry Déau, formerly Chief Executive of Egis Projects, a subsidiary of France’s Caisse des Dépôts et Consignations specialized in developing, financing and managing infrastructure projects. Vinci SA, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d’Enterprises.
In Africa, Meridiam has financed a number of projects including: 4 solar power plants in Senegal for a total of 140 MWp, the Tulu Moye geothermal power plant in Ethiopia, rehabilitate and extend Madagascar’s two main airports will increase passenger capacity and local economic development by 50%, the Biokala biomass power plant in Côte d’Ivoire, and the mineral port of Owendo in Gabon and the container port of Nouakchott in Mauritania.
