Konza City to Cost Kshs. 595 Billion by Completion in 2030
Konza Techno City is expected to cost of Ksh. 595.8 billion upon completion in 2030, the Konza Technopolis Development Authority (KoTDA) Chief Executive Officer has said.
Eng. Tanui said the Government will fund Waste water Plant and various design guidelines, Roads, Security access and KoTDA offices to a tune of an estimated Ksh. 52.2Billion while another Ksh. 43.2B meant to finance ICT Network, Electricity Distribution and Water Distribution will be sourced from the Private sector through Private Public Partnerships.
The remainder Ksh. 500.4B 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.
According to Eng. John Tanui, the IT City will have technology and research universities, schools, hospitals and computer software and hardware manufacturing industries, leisure and entertainment amenities.
Konza Technopolis City is located 50 kilometers from Jomo Kenyatta Airport (JKIA) on the Nairobi – Mombasa highway.
“Konza is expected to spur massive trade and create thousands of employment opportunities for young Kenyans in the Information Communication Technology (ICT) sector,” Eng. Tanui told the new Cabinet Secretary for the Ministry of ICT Mr. John Mucheru whenhet toured KoTDA offices located at Westlands in Nairobi.
He said theTechno City will stake Kenya’s global leadership knowledge-based industries while it will provie world-class infrastructure, education and research facilities which will create technology enabled business innovations in the country.
“The City will have a vibrant mix of businesses, workers, residents, science and technology and urban amenities,” added Eng. Tanui.