Nairobi, Feb. 8 -- State-controlled National Social Security Fund (NSSF) will take a Sh9.59 billion stake in the 236-kilometre Nairobi-Rironi toll road that has been split between two Chinese firms.

The NSSF is participating in the Sh170 billion public private partnership (PPP) project through a consortium with China Road and Bridge Corporation (CRBC) on an ownership split of 40 percent and 60 percent.

CRBC and the pension fund will invest $743 million (Sh95.86 billion) in their section of the highway that comprises the 81 kilometres stretch between Rironi and Gilgil, and the separate 58-kilometre Rironi-Maai Mahiu-Naivasha section that is known as A8 South.

The pair is projecting to make an annual dollar return of about 13 percent on ...