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Wednesday, November 25, 2020

States buys Nairobi Railways Club at Sh. 5 billion

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The State is set to acquire the Nairobi Railways Club for Sh. 5 billion. This acquisition is compulsory and is set to free up land for the expansion of Uhuru Highway and construction of a passenger terminal.

According to a report that appeared in a local daily on Wednesday, the National Treasury has transferred the Sh. 5 billion to the National Land Commission (NLC) to facilitate the acquisition and compensation for Nairobi Railways Club and the land that currently belongs to the Kenya Railways Retirement Pension Scheme.

“The government seeks to acquire the land for the Nairobi Expressway Road Project and build a passenger terminal for matatus coming through Machakos and Lang’ata roads at Railway Golf land off Uhuru Highway,” the report that appeared in the Business Daily said.

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The report further says that the government in March published a Kenya Gazette notice listing 56 parcels of land to be acquired for the project. “The list included land belonging to Doshi Holdings, Simba Colt Motors, Next Gen Office Suites, Dyer & Blair Investment Bank, Technical University of Kenya, the University of Nairobi and Kenya Railways Corporation,” says the report.

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The construction of Kenya’s first double-decker expressway will cost an estimated Sh. 59 billion. It will be financed under the public-private partnership (PPP) model. China Road and Bridge Corporation (CRBC) will build the 27.1km road linking the Jomo Kenyatta International Airport (JKIA) to Nairobi-Nakuru highway.

The project launched in October last year and will take three years to complete, is expected to reduce heavy traffic on Mombasa Road which usually starts from Mlolongo to the city centre.

The expressway will involve a four-lane and six-lane dual carriageway within the existing median of Mombasa Road/Uhuru Highway/Waiyaki Way and 10 interchanges.

Kenyans to repay private firm funding Nairobi Expressway daily for 30yrs

A private firm that has funded the construction of the Nairobi Expressway will collect toll fees from Kenyans for nearly 30 years. This will be done to recover the money used to fund the construction. According to the Kenya National Highways Authority, KeNHA, the private firm will be given outright concession to operate and run the expressway. “The private company will be granted a concession to build, operate and transfer the project for 30 years that includes a construction period of three years and thereafter an operation & maintenance period of 27 years,” KenHA said.

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