Indian infrastructure firm Adani Airports Holdings has proposed a sweeping $1.85 billion (Sh240 billion) upgrade of Jomo Kenyatta International Airport in Nairobi.
The investor's proposal, obtained by the Star, lays out an ambitious plan to transform JKIA over the next three decades.
At the heart of the proposal is a request by Adani to operate JKIA under a 30-year concession, during which the Indian firm would pay the Kenya Airports Authority a fixed annual fee.
According to the documents, Adani offers to pay KAA Sh6 billion per year for the first five years, with the fee rising to Sh6.7 billion by 2035 and climbing further in subsequent years.
By the 30th year of the deal, Adani projects the annual concession fee to reach Sh9.8 billion.