East Africa Port & Corridor Expansion
Infrastructure & Transport
Kenya, Uganda, Rwanda
Government & Development Finance Consortium
R14.2bn
2021 to 2026
Three landlocked economies shared a single constraint on growth: port and inland corridor capacity insufficient for projected trade volumes. TBH Holdings was mandated to structure a phased expansion programme spanning port berths, rail sidings and a 340km inland corridor upgrade.
The programme required aligning three sovereign counterparties, two development finance institutions and a private terminal operator around a single, bankable structure, with tariff and risk allocation acceptable to all parties.
Financial close was reached across all three phases within eighteen months of mandate (ahead of the programme's original schedule) with a blended capital structure that kept sovereign guarantees below regional debt sustainability thresholds.
Phase one berths entered operation in 2024. The full corridor upgrade remains on schedule for 2026 completion, under continued TBH stewardship.