The United Kingdom (UK) has committed KES 11.9 billion to build a green city of office blocks, malls and a light industrial hub on Kenya Railways land in fresh efforts to decongest the Central Business District as well as create jobs.
The new city will relieve the Central Business District of part of the load in hosting enterprises through setting up economic zones that will comprise hi-tech industries and SMEs in a development set to create over 200,000 new jobs.
The multi-modal facility, which will be developed by British architects, will be situated within a 425-acre land piece, of which Kenya Railways owns 292 acres.
UK Foreign Secretary James Cleverly on Wednesday officiated the ground-breaking of the project that was conceived during retired President Uhuru Kenyatta’s reign at an estimated cost of KES 28 billion.
The site map is within the area containing the Nairobi Central Railway Station, the marshalling yard and the Kenya Railways Pension Scheme Land, popularly known as Landimawe Estate.
The facility is part of the six projects worth KES 500 billion to be fast-tracked under a new UK pact signed on the sidelines of the recently-concluded climate conference COP27 held in Egypt.