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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Not much has been heard of the LAPSSET project since the high fancied ground breaking ceremony. The people who are on the ground, what is going on?
Of the key activities i.e. port, railway, highway, oil pipeline, oil refinery, resort city, and airport, I thought the first to kick-off should be the port. Obviously, after Southern Sudan showed a lot of interest in the oil pipeline, it was rumored that this will be complete in 12 months!
How much finances have been secured for the above mentioned components?
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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PKoli wrote:Not much has been heard of the LAPSSET project since the high fancied ground breaking ceremony. The people who are on the ground, what is going on?
Of the key activities i.e. port, railway, highway, oil pipeline, oil refinery, resort city, and airport, I thought the first to kick-off should be the port. Obviously, after Southern Sudan showed a lot of interest in the oil pipeline, it was rumored that this will be complete in 12 months!
How much finances have been secured for the above mentioned components?
Did the Sudanese war put a damper to things? Foresight..
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Once the announcement of commercial deposits of oil is done the project will be pushed forward very fast "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 4/14/2011 Posts: 639
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maybe yes maybe not....but asof now nothing going on and still far from i coz there are compensations to be done before anything is done.So keep an eye on the compensation and once ts done the party can start in ernest
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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This is the last thing that i saw on this project But remember the procurement dept of .ke is really slow "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 6/8/2010 Posts: 1,729
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i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau Life is an endless adventure
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Rank: Member Joined: 4/14/2011 Posts: 639
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freiks wrote:i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau meaning????
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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freiks wrote:i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau Is the consultant designing for the whole LAPSSET project (road and railway)?
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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PKoli wrote:freiks wrote:i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau Is the consultant designing for the whole LAPSSET project (road and railway)? The whole project has already been designed, and subdivided into lots ...these days no contractor is given the whole project. On syokimau....KR has been working of stations the Nairobi railway transit system might be done by Russians "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 4/14/2011 Posts: 639
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@MURCHR I understand the locals are tto be compensated before kickoff any word on this?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Murhcr,
Thanks for update. Just wish there was more info as to what is happening current and whether there are financiers who have committed some finances like what we have read about AfDB.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@Murhcr,
Thanks for update. Just wish there was more info as to what is happening current and whether there are financiers who have committed some finances like what we have read about AfDB.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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LATEST"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Many thanks, looks this thing is taking shape. I here there will be investor conference in September. Any one with further info?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Which Co.is supplying the cement for the port construction?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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It should be EA Portland as it is government owned.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Chaka wrote:Which Co.is supplying the cement for the port construction? It should be all of them.....am thinking Bamburi is supplying the bulk of it given that they have a plant in mombasa. I understand that the demand of cement is so high such that the companies haven't been able to satisfy the appetite. From the Kenya Railways website, the construction of the railway will start once the first berth*(SP) is complete Source"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 6/8/2010 Posts: 1,729
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Hunderwear wrote:freiks wrote:i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau meaning???? Meant that most of us heard syokimau RVR station starting then the next thing was to see them testing the railway line. The same thing with LAPSSET am sure we will not be seeing too much till when the most parts are complete. Am optimistic that the project goals are achievable Life is an endless adventure
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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freiks wrote:Hunderwear wrote:freiks wrote:i know of a consultant who is designing the railway and the road for lapsset and he is on time. Incidentally am happy he is kenyan so we didnt go for the foreigners. Am sure soon we will just hear it like syokimau meaning???? Meant that most of us heard syokimau RVR station starting then the next thing was to see them testing the railway line. The same thing with LAPSSET am sure we will not be seeing too much till when the most parts are complete. Am optimistic that the project goals are achievable I am not sure we will have components like oil refinery and pipeline construction go unnoticed. It is possible most of the planning for these aspects will be largely unnoticed.
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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So Paunrana of ARM is very smart. He started (quietly) expanding the cement production in Kilifi District. ARM is now ready to supply locally a large part of the requirement. The ARM factory in Tanga, Tanzania will do well since it can export to Kenya under EAC rules. EAPCC will become irrelevant at this rate. Even the new players like National Cement & Mombasa Cement are expanding rapidly. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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