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- Ksh700 Billion to be Invested to Complete Pending Kenyan Road Projects
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- Zanzibar Signs a USD 428 Million Agreement to Expand Pemba Airport
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Kenya's affordable housing project to add 300,000 additional units
China and Qatar have agreed to construct 300,000 affordable houses in Kenya under the program of Big Four agenda led by President Uhuru Kenyatta. Transport and Infrastructure Cabinet Secretary James Macharia confirmed the report and said that the two Qatari firms will construct 200,000 houses while Chinese multinational firm will construct remaining 100,000 houses in Kenya.
Mr Macharia also said that the government has already approached the investors for funding, keeping in mind that the Big Four agenda which aims to construct 500,000 affordable houses has to be completed by 2022. Housing units are being divided into specific types under the Big four agenda. A social housing costing a maximum of USD 6000, a bedsitter housing costing a maximum of USD 8000, a two bedroom for USD 10,000, and a three-bedroom would be costing around USD 20,000. Macharia also mentioned that the project will heavily depend on domestic resource mobilization.
In addition to that the Cabinet Secretary also held a talk with Qatari Prime minister Abdullah bin Nasser bin Khalifa Al Thani and Jassim bin Saif Al Sulaiti, Transport and Communication Minister, Qatar to improve the cooperation between the two countries. He emphasized the fact that Kenya will continue to work with China together with neighbouring countries to have a seamless experience in the construction and securing resources to have the most positive impact in the lives of Kenyan people.
Posted on : 27 Jul,2019
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