LAMU PORTManda Bay, Lamu County
A new 32 Berth port at Lamu (Kenya)
Lamu Port Profile
Location: Lamu County
Cost: 480 M US$
Source of funds: Government of Kenya
Status: 1st Berth complete Beth 2 and 3 is at 70%
Cargo type: General
Berth 1 throughput 2020: 400,000.00 TEUs
Maximum depth: 17.5 M
Hinterland links: Road
Main Markets: Kenya, Ethiopia and South Sudan
- Lamu Port Project, with 32 Deep Sea Berths estimated to cost US$ 5 Billion. The cost for the Short-term Plan, including the First Three Berths in the Urgent Plan of Lamu Port, is estimated to be US$ 689 million, taking account of dredging and reclamation; construction of berths and yards; construction of revetment, causeway and road; construction of buildings and utilities; procurement of equipment and tug boats; and others.
- The EIRR for the Long-term Lamu Port Development Plan is assessed to be 23.4%. The cargo-wise EIRRs are 28.5%, 24.5% and 17.1% for general cargo, container cargo and bulk cargo, respectively. All of these figures indicate that the Lamu Port Project is viable economically in consideration of the opportunity cost of 12% p.a.
- The 1st 3 Berths will be fully financed by the Government of Kenya.
- The remaining 29 Berths will be financed by Private Sector Investors
- Construction of the 1st Berth is complete.
- Construction of Berth 2 and 3 is ongoing and expected to be complete by the end of the year 2020.
- Operationalization of Lamu Port is underway, in compliance with the International Maritime Organization’s set of security measures for Ships and Ports (ISPS code), and Marine Pollution Conventions.
- International Market sounding for Lamu port is ongoing.
- Feasibility studies for Lamu Port and SEZ carried out and completed in 2011
- The contract for the construction of the 1st 3 berths was signed on the 1st of August 2014 with a Chinese EPC.
- Detailed Engineering Studies carried out for the 1st 3 berths which are now classified as a priority project for off-take of the rest of the project components.
- Environmental and Social Impact Assessment study completed and approved by the National Environmental Management Authority in 2014
- Construction completed at the Port site for the following preliminary facilities: LAPSSET Plaza (Port Headquarters), Port Police station, Electric Power connection to the national grid, and water supply to the port.
- Port Housing for management and security is still under construction with an estimated completion rate of 70%
- The Authority has procured the services of a Transaction Adviser to package the Lamu Port for Investments.
- Dredging began in October 2016 and is currently ongoing.