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First of 32 berths of Lamu port completed in Kenya with the second and third set for completion in december 2020.
Lamu port which is a transport and infrastructure project in Kenya has completed it first Berth. The port when completed will be Kenya second transport corridor. The first berth is part of a 32 berth plans which started in december 2016, with the second and third set for completion in december 2020.
The Lamu port is the government initiative to have the highest trans-shipment capability in the East Coast of Africa. It will also help open up the northern part of the country and contribute at least 1.5 per cent of the country’s Gross Domestic Product (GDP).
LAMU PORT IMPORTANCE TO KENYA ECONOMY
The construction of Lamu port is crucial for the importation of building materials and other project components. Apart from it connecting three countries, it will also provide a larger boost to local economies. The port will provide an opportunity for the exploitation of the country’s maritime resources.
The LAPSSET Corridor Program is envisaged to transform the Kenyan economy into a stable double digit growth rate and stronger middle income economy by the year 2030.
Meanwhile, LAPSSET will position Lamu as an important transshipment hub that handles crude oil and refine oil from South Sudan. It will also become a shipment point of exports and imports from Ethiopia.
TOURISM GROWTH FOR KENYA
The port will pave way for exploiting the existing natural resources like oil and coal. It will also encourage the exploration of new finds as well as increasing international tourist arrivals and push up the foreign exchange earnings. The port will attract cargo that will on a another day pass through the ports of Sudan, Djibouti and Mombasa.