Star Navigation Systems Group Ltd. announced the receipt of a Letter of Intent from the LAPSSET Corridor Development Authority for the purchase of Star Navigation's tracking and monitoring technology to track Marine, Train and Land assets for the LAPSSET Corridor Program. The LOI represents a significant milestone in the development of the relationship between Star and LCDA. It represents a major step forward from the initial Letter of Expression that was sent to Star by LCDA on June 6th 2022. Since then discussions had been ongoing with respect to further modernization and operational improvements to provide seamless connectivity, enhanced trade and logistics to the LAPSSET program. The Lamu Port - South Sudan - Ethiopia - Transport Corridor project is Eastern Africa's largest and most ambitious infrastructure project, bringing together the Governments of Kenya, Ethiopia and South Sudan via development of airports, highways, oil pipelines, railways lines, dams, ports and resort cities. On 1 April 2013, Kenya's government announced the setting up of a government agency, the LAPSSET Corridor Development Authority, to manage the project on behalf of the Kenyan government. This mega project consists of seven key infrastructure projects starting with: A new 32 Berth port at Lamu (Kenya) Interregional Highways from: Lamu to Isiolo, Isiolo to Juba (South Sudan), Isiolo to Addis Ababa (Ethiopia) and Lamu to Garsen (Kenya) Crude Oil Pipeline from: Lamu to Isiolo, Isiolo to Juba, Product Oil Pipeline from: Lamu to Isiolo, Isiolo to Addis Ababa
Interregional Standard Gauge Railway lines from: Lamu to Isiolo, Isiolo to Juba, Isiolo to Addis Ababa, Nairobi to Isiolo. 3 International Airports at: Lamu, Isiolo, Lake Turkana. 3 Resort Cities at: Lamu, Isiolo and Lake Turkana. And finally the multipurpose High Grand Falls Dam along the Tana River 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. Statistics estimate that contribution of the LAPSSET Corridor Project to the country's economic growth might range between 8% to 10% of Kenya's GDP and the estimated cost of the project was put at KSh 2.5 trillion. The project is leveraging on the private sector to develop the Corridor.