The project will create additional space for 550,000 twenty-foot equivalent units (Teus)- raising the port’s capacity to 1.7 million Teus, according to Transport PS Irungu Nyakera.
“When the entire second container terminal with a capacity of 550,000 twenty-foot equivalent units is completed, the port’s capacity will rise to 1.7 million units,” said Mr Nyakera.
The project, which was launched by President Mwai Kibaki in December 2012, will have three berths with quay lengths of 230, 320 and 350 metres.
The larger berths will handle Panamax container ships of 20,000 DWT and Post Panamax vessels of 60,000 DWT.
The project is financed by a loan from the Japanese government through Japan International Co-operation Agency (Jica) within the Special Terms for Economic Partnership (STEP) at an interest rate of 0.2 per cent and a repayment period of 40 years including a 10-year grace period.
The Japanese government provided Sh26 billion while its Kenyan counterpart invested a compulsory funding of Sh5 billion plus Sh612 million for compensating those displaced by the project.