Trapos Limited and the Kenya Ferry Service (KFS) have signed a contract that will see the Likoni Cable Car project implemented. The contract will see the consortium, Trapos Limited and Australian company Doppelmayr Garaventa Group, “design, construct, finance, operate and maintain the Cable Car Facilities over the Likoni Channel on a Public-Private Partnerships (PPPs) model.”
The consortium will run the project for 25 years after which the operations and revenue of the Likoni Cable Car express will shift to KFS.
The signing of the contract now means that Doppelmayr Garaventa Group can finalise the financial arrangement in order to facilitate the implementation of the project.
The Likoni Cable Car project is expected to serve 187,000 passengers per day and 5,500 passengers per direction for every hour.
Reported by the Kenyan Wall Street.