France signs infrastructure contracts worth over 2 billion euros in Kenya


Devdiscourse News Desk | Updated: 14-03-2019 12:14 IST | Created: 14-03-2019 11:44 IST
France signs infrastructure contracts worth over 2 billion euros in Kenya
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  • Country:
  • France
  • Kenya

France signed infrastructure contracts in Kenya worth more than 2 billion euros ($2.26 billion) on Thursday, including a 1.6 billion euro 30-year concession for a Vinci-led consortium to operate a highway between Nairobi and Mau Summit. Renewables firm Voltalia also sealed a 70 million euro contract for two solar power plants, while an Airbus-led consortium won a 200 million euro contract for coastal and maritime surveillance. The contracts were signed during a visit by President Emmanuel Macron, who is seeking to boost trade in the East Africa region. ($1 = 0.8860 euros) 

(With inputs from agencies.)

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