Everstrong Capital is considering an appeal to the High Court after the Public Private Partnerships Petitions Committee rejected its challenge to the cancellation of the Ksh468 billion Usahihi Nairobi-Mombasa Expressway project.
The United States-based infrastructure firm expressed disappointment with the ruling but said it remains committed to working with the Kenyan government on the project. In a statement, Everstrong noted that the committee's decision did not address key concerns about the evaluation of the project's feasibility report.
The company said it is evaluating options including a review application before the High Court of Kenya. It warned that uncertainty over privately financed infrastructure proposals could harm investor confidence and raise costs for national projects.
The proposed four-to-six-lane expressway was developed under Kenya's PPP framework by a consortium led by Everstrong Capital. The group had already invested millions of dollars in studies and designs with guidance from KeNHA and the PPP Unit.