Kenya's Transport Minister, Ali Mwakwere has confirmed to the press that Over US$ 330 Million Dollars will be used to dredge and build the second container terminal to allow bigger vessels to call at the port of Mombasa.
The Minister said out of that, a KSh16 billion will be used to build and equip the second container terminal while KSh4 billion will go to dredging of the harbour channel and widening of the turning basin to allow bigger vessels to berth with ease.
The construction of the second container terminal is being funded with assistance from The Government of Japan in co-operation with Kenya Government which will undertake the dredging.
Both projects are set to be complete by 2011.
