In March 2013, the LAPSSET Corridor Development Authority (LCDA) was established through the Presidential Order Kenya Gazette Supplement No. 51, Legal Notice No. 58, The LAPSSET Corridor Development Authority Order 2013 to plan, coordinate and manage the implementation of the Lamu Port-South Sudan-Ethiopia Transport Corridor. The LAPSSET Corridor Development Authority is domiciled in the The Presidency in accordance with the Constitution of Kenya 2010. The Board of the Authority was Gazetted by H.E. the President on 1st March 2013.
1.The LAPSSET Corridor Development Authority is the policy, implementation, operational coordination and technical oversight organ for the LAPSSET Corridor Project.
2.The LAPSSET Corridor Development Authority will have the inter-ministerial coordination committees comprised of relevant ministries.
3.The LAPSSET Corridor Development Authority is tasked with establishing an integrated implementation plan and oversee the implementation of projects.
LAPSSET Corridor Project is the first largest Game Changer Infrastructure Project the government has initiated and prepared under Vision 2030 Strategy Framework, without external assistance and will have the following benefits:
1. Foster transport linkage between Kenya, South Sudan and Ethiopia.
2. Dynamic promotion of regional socio-economic development along the transport corridor especially in the Northern, Eastern, North-Eastern and Coastal parts of Kenya. Northern Corridor currently Kenya’s only economic corridor.
3. The LAPSSET Corridor Project covers over half of the country with a planned investment resource equivalent to half of Kenya’s GDP for the core investment alone. Conservative feasibility statistics shows that the project will inject between 2% to 3% of GDP into the economy.
4. Statistics estimate that contribution of the LAPSSET Corridor Project to the country’s economic growth might even range between 8% to 10% of GDP when generated and attracted investments finally come on board.