Uhuru Signs Ksh67.5B Deal in China
President Uhuru Kenyatta witnessed the signing of a Ksh67.5 Billion deal with China through concessional financing and Public-Private Partnership.
The initiatives that are set to be included in the deal are Smart Cities Project by Huawei at a cost of Ksh 17.5 billion, Bridge Corporation and Nairobi JKIA to James Gichuru way expressway.
Konza Data Centre and Smart City facilities project are a part of the 2030 vision flagship project which was started in 2008.
It is aimed at developing technology-intensive and high-tech industries in ICT, biotechnology and e-commerce.
Phase I of the project will create an estimate of more than 17,000 jobs as well as contribute Ksh90 billion to the economy.
The expressway will help ease traffic on the busy Mombasa highway hence decongesting the roads.
The president, who is in China for the second Belt and Road Initiative (BRI) forum also signed the operation and maintenance agreement for the Nairobi-Naivasha segment of the Standard gauge railway (SGR).
His affordable housing project also won big during the joint Kenya-China business forum held in Beijing.
Cabinet Secretary (CS) for Transport, Infrastructure, Housing and Urban Development, James Macharia, revealed that 11 Chinese companies were jostling to get a piece of the pie in terms of investing in the project.
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