Sharp Daily
No Result
View All Result
Sunday, May 25, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Adani paid KES 6.47 million for JKIA upgrade proposal review

Teresiah Ngio by Teresiah Ngio
September 19, 2024
in News
Reading Time: 2 mins read

Adani Airport Holdings Limited has confirmed paying KES 6.47 million (approximately USD 50,000) to the Kenyan government as a review fee for its KES 242 billion proposal to take over and upgrade Jomo Kenyatta International Airport (JKIA) in Nairobi.

The Indian infrastructure company disclosed this in a replying affidavit filed on Tuesday, September 17, in response to a case brought by the Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK) on September 9, which seeks to block the deal.

According to Adani’s affidavit, the review fee was deposited into the Public Private Partnerships (PPP) Facilitation Fund, and all required documents for its privately initiated proposal (PIP) were submitted. The company’s lawyers stated, “Upon submission of the PIP, Adani Airport Holdings Limited duly paid the review fee of KES 6.47 million to the Public Private Partnership Facilitation Fund, as required by law.”

The company also confirmed that it had provided all necessary pre-approval documents, including incorporation certificates, tax compliance records, and financial statements, to facilitate due diligence by the PPP Directorate in collaboration with the Kenya Airports Authority (KAA).

RELATEDPOSTS

OPINION: Why Kenya’s public-private partnerships keep failing to deliver

December 2, 2024

High court demands proof of JKIA contract termination

November 28, 2024

Adani further detailed that on March 18, the Kenya Airports Authority acknowledged receipt of its proposal and approved the project to move forward to the development phase, specifically the feasibility study stage. The company subsequently submitted a feasibility study report, which included an assessment of environmental and social impacts, financial planning, and how the project would deliver value to the Kenyan public.

Additionally, the company provided a preliminary operating plan for the project, aligning with national infrastructure goals and addressing long-standing issues at JKIA. Adani refuted claims made by KHRC and LSK that the airport had already been leased to the company for 30 years, calling such assertions a misrepresentation of facts.

In the court filings, Adani revealed that it first became aware of JKIA’s deteriorating condition through Kenyan media, prompting it to submit a proposal to the KAA on March 1, 2024, for the airport’s improvement. The court has since halted any further action on the proposed lease until the case is resolved, with the next hearing scheduled for October 8.

Previous Post

Haitian-Kenyan police raid breaks gang stronghold, leaders captured

Next Post

Budget Controller Margaret Nyakang’o decries safety concerns and underfunding

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

The Green Season Secret

May 23, 2025

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
NCBA Bank

NCBA group records 3.4% profit growth in Q’1 2025

May 23, 2025

The rise of satellite towns: Redefining urban growth in Kenya

May 23, 2025

Concerns grow over Kenya’s duty-free trade deal with the U.S.

May 22, 2025

Lessons from Equity Bank’s M-Pesa scandal

May 22, 2025

SACCO’s at the heart of rural financial inclusion in Kenya

May 22, 2025

Kenya’s insurance sector in 2025

May 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024