Sh500 Billion for Urban Renewal Project
Nairobi — Nairobi County Government is seeking to raise about Sh530 billion through a Public Private Partnership (PPP) to undertake its urban regeneration and renewal projects within the city.
Speaking during an investors briefing on Wednesday morning, Governor Evans Kidero indicated that the project will consist of three phases which will involve the redevelopment of old housing estates in sections of the city into apartment buildings, developing high storey car park buildings and rehabilitation of medical facilities.
Kidero pointed out that this will be in line with Nairobi's Integrated Urban Development Master Plan put in place mainly to benefit of middle and low income Nairobi residents.
"The County Government has just completed the preparation of the Nairobi Integrated Urban Development Master Plan which is our blue print for planning and development of the city. The plan recognizes the provision of adequate and affordable services as a key priority for the county government. The plan is an integrated policy framework developed to guide the city's growth and development," he said.
He explained that the Master Plan provides a common integrated approach for coordinated sectoral and special development for improved and sustainable growth.
"I believe that the people who live in Nairobi were involved in the development of that plan. The plan is anchored on the national Vision 2030 and aims at developing Nairobi as an iconic globally attracting city and a centre for regional integration, sustainability, good governance and cultural integration," he said.
He stated that the County Government has identified seven pillars through which they will improve levels of service delivery.
"One is making Nairobi a better city where residents will enjoy better health, security, services in transport, housing and infrastructure, better education, promotion of enterprise to attract investors, addressing the needs of women, children and persons with disabilities and better management of city resources making Nairobi the city of choice for investing, working and living," he said.
"Nairobi City County's challenge in addressing the above named pillars has been having sufficient funds to implement such capital intensive projects. It is for this reason that joint ventures and public private sector Partnerships solutions have been developed."
He said that under the arrangement, Nairobi County and private investors will agree to develop the projects jointly and exercise control over the developments. They will subsequently share revenues, expenses and assets.
"The projects that the county is inviting partnerships include building a multi storey car park within the city centre, and this is the car park which is between Jogoo House, National Bank Building and Electricity House which is within the City Centre. Medical facilities which will benefit from this project include Pumwani, Mutuini and Mbagathi hospitals," he stressed.
He also underscored the importance of the private sector participating in the project pointing out that this will ensure good and efficient service delivery to all.
"The second project which is in the Master Plan is the railway city covering 250 acres where the current railway station is. It will be between Haile Selassie Avenue, Uhuru Highway, Landhies Road and Lusaka Road. The third project will involve a number of estates starting with Ziwani, Majengo and Shauri Moyo," he stated.