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The Government of Kenya is going to need at least Ksh2.4 trillion ($16 billion) for the Lappset SGR Development Cost on the Lamu Port-South Sudan-Ethiopia-Transport (Lappset) corridor, according to the estimations made by the Kenya Railways Corporation.
According to the information released by the parastatal, it shall cost a total of Ksh523.05 billion ($3.49 billion) to set up a 544.4 kilometre Standard Gauge Railway link to connect both towns of Lamu and Isiolo and an extra Ksh476.7 billion ($3.178 billion) to further make an extension of the railway line from the town of Isiolo to Moyale covering a distance of 475.9 kilometers.
Cost of Constructing Lappset SGR
Additionally, Kenya Railways made another estimation that another Ksh358.8 billion ($2.392 billion) will be needed to connect both Isiolo and Nairobi via SGR covering a distance of 278.6 kilometers and an additional Ksh385.95 billion ($2.573 billion) for the remaining stretch that covers a distance of 325.35 kilometers between Mariakani and Lamu. Nonetheless, the parastatal has shown confidence in being able to raise a total of Ksh275.9 billion ($1.84 billion) or approximately 11.4% of the overall cost of the project by the fiscal year of 2027/28 with support of funding from the central government, borrowed loans, and collections acquired from the Railway Development Levy Fund (RDLF) and loans. |
