Kenya Airways has proposed to form a special purpose vehicle (SPV) specifically dedicated to operating, managing and developing JKIA for a period of 30 years.
Jonny Andersen, KAA managing director and CEO said the authority’s board of directors and the management will consider the proposal on the basis of the guidelines within the Public Private Partnerships (PPP) Act, which incorporates the requirement of public participation.
“As our valued stakeholders, it is mandatory and important that we get the views and feedback of all relevant stakeholders on the proposals made by KA in the Privately Initiated Investment Proposal,” said Andersen.
The PPP Act defines a PIIP as a “proposal that is originated by a private party without the involvement of a contracting authority (CA) and may include information that enables a complete evaluation of the proposal as if it were a bid”.
A PIIP is required to satisfy defined criteria, follow statutory steps and obtain approvals from the relevant regulators.
“The Board of Directors and Management of KAA, therefore, appointed Transaction Advisers to advise it on the PIIP, including carrying out a comprehensive due diligence and evaluation of the PIIP,” added Andersen in a statement.
KAA will host several public participation forums with different stakeholders in line with the Constitution of Kenya, which enhances the participation of the people in the exercise of the powers of the state and in making decisions affecting them.