The firm will then recoup its finances using the revenues and income generated by the electronic toll collection system along road over a period of 30 years.
The project will also involve widening of the existing Rironi- Mai Mahiu–Naivasha road to becoming a seven-metre carriageway with two-metre shoulders on both sides, construction of a four-kilometre elevated highway through Nakuru town, and building and improvement of interchanges along the highway.
Last month, transport cost along the Northern Corridor jumped 48 per cent in the wake of the Covid-19 pandemic, mainly on measures to contain the virus by regional states.
A report by the Shippers Council of Eastern Africa (SCEA) indicates road freight rates increased in the key trading route which runs from the Port of Mombasa, across the country, into Uganda, Rwanda, DR Congo, Burindi and South Sudan.