JKIA Expansion to Cost Ksh155 Billion Through NIF Funding, CS Mbadi Says

Author: Timothy CerulloPublished on: June 18, 2026Country: Kenya
Business & EconomyPolitics
JKIA Expansion to Cost Ksh155 Billion Through NIF Funding, CS Mbadi Says

Treasury Cabinet Secretary John Mbadi stated that the expansion of Jomo Kenyatta International Airport (JKIA) will cost Ksh155 billion, half of the reported Ksh375 billion. Appearing before the Senate on June 17, 2026, he assured that the project would be funded through the National Infrastructure Fund (NIF) without increasing national debt. President William Ruto had announced in March that construction would start in June 2026 using Ksh20 billion from the privatisation of Kenya Pipeline Company.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Gachagua Warns DCP MPs, Allies Against Supporting Finance Bill 2026
PoliticsBusiness & EconomyKenya
kenyans.co.ke

Gachagua Warns DCP MPs, Allies Against Supporting Finance Bill 2026

Rigathi Gachagua, leader of the Democracy for Citizens Party (DCP), has directed all affiliated MPs to vote against the Finance Bill 2026 during its third reading. He urged them to remain in the House to force a division, making each legislator's vote public. Gachagua criticized the proposed taxes on digital transactions, arguing they would hurt small businesses and consumers, and noted that Kenya Revenue Authority collections have fallen 20% short of projections for three years. He also highlighted that health sector receives only 3.5% of the budget, far below the 15% Abuja Declaration target, and proposed cutting government spending by 30% before imposing new taxes.

Read More

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more