Konza city to cost Shs. 595 billion

Konza Techno City is expected to cost of Shs.595.8 billion upon completion in 2030, Konza Technopolis Development Authority (KoTDA) Chief Executive Officer, Mr. John Kipchumba Tanui has said.

Tanui said the government will fund waste water plant and various design guidelines, roads, security access and KoTDA offices at a cost of an estimated Shs. 52.2 billion.

He said another Shs. 43.2 billion will be channeled to finance ICT network, electricity distribution. Funding for water distribution will be sourced from the private sector through private public partnerships.

Speaking when he hosted the Information, Communication and Technology Cabinet Secretary, Mr. Joe Mucheru, the CEO said the remaining Shs. 500.4 billion will come from direct private investments.

It is expected that the Silicon Savannah will generate 200,000 new jobs and contribute 10 percent to the national GDP once it becomes fully operational by 2030.

The IT City, located 50 kilometers from Jomo Kenyatta Airport (JKIA) on the Nairobi – Mombasa highway.

It will have technology and research universities, schools, hospitals and computer software and hardware manufacturing industries, leisure and entertainment amenities.

“Konza is expected to spur massive trade and create thousands of employment opportunities for young Kenyans in the ICT sector”, Tanui said.

The CEO said the Techno City will provide world-class infrastructure, education and research facilities which will create technology enabled business innovations.

By Terry Kaba

Source: Kenya News Agency