Project: Port maintenance and expansion

Kenya is home to one of the busiest ports in Africa. Increasing traffic has led to congestion and deterioration of its infrastructure. In response, the government plans to increase the port’s capacity from its current 0.25 million Twenty-Foot Equivalent Units (TEUs) to 1.2 million. This will enable it to accommodate larger shipping vessels, growing business from regional economies and trans-shipment business from global shipping lines. The government selected a well-known Dutch marine contractor to implement the project. ATI is providing the contractor with political risk insurance against the risk of the government not following through on its contractual obligations.

Maximum Sum Insured: $10 million