Cable cars moving over an ocean [Photo/the star]Consumers using the busy Likoni Channel in Mombasa will start using the Sh.5.8 billion cable cars in the next three years.
This is after a concession agreement was signed on Wednesday between Trops limited and Kenya Ferry Services (KFS) for the multi-billion project at the KFS offices.
The Likoni Cable cars express will be built across the Likoni channel.
KFS managing director Bakari Gowa ,while speaking after the signing if the agreement said construction will take two years from May 2018.
"We will be done with construction by the end of 2019 and begin full operations the following year. This is after sending the agreement to the cabinet for approval,"said Mr Gowa.
Mr Gowa further disclosed that a good number of investors have shown interest in the project being done under the Public-private financing model.
Once Trops Ltd settles on the investor, the project will be handled by Likoni Cable cars Express Ltd.
According to the agreement, Likoni Cable cars express will manage the project for 25 years after which it will be handed to KFS.