KPA signs Sh39b grant with Jica for Dongo Kundu
The Kenya Ports Authority (KPA) has signed a grant with the Japanese International Cooperation Agency (Jica) for the development of the Dongo Kundu Special Economic Zone (SEZ) in Mombasa.
A SEZ master plan for the Sh39.1 billion project that sits on a 3,000-acre parcel of land has been developed with support from the Government of Japan and presents opportunities for investment in value addition in the industrial zone.
The SEZ project includes the establishment of a free trade zone, free port, logistics hub and a mega industrial zone.
Mr Mwangemi said with the construction of a new road under the Mombasa Port Development Project and the SGR link to the expanded port, landlocked countries within the East and Central Africa region will be efficiently served by the Port of Mombasa.
The business community in Mombasa, led by the Kenya National Chamber of Commerce and Industry (KNCCI) Mombasa Chapter Chairman, Mustafa Ramadhan, had called on the national government to expedite the Dongo Kundu Special Economic Zone project, which is projected to create millions of direct and indirect jobs, attract massive investors and spur economic growth.
Mr Ramadhan said the project, once implemented, could create up to 100,000 jobs besides attracting regional and international investors.
Meanwhile, the Sh32 billion phase two of the second container terminal at the Port of Mombasa has been completed and is awaiting commissioning next month.
