Kenya will next week open formal discussions with American giant construction firm, Bechtel Corporation, over the financing model for the proposed Ksh300 billion ($3 billion) Nairobi-Mombasa expressway.
While the government is keen to have the funds for building of the 473-kilometre road sourced by the US firm which will then recoup its investment and a margin by charging a toll fee, the latter has been pushing Kenya to contract a loan for the project.
