Kenya: Konza City to cost Ksh595 billion when completed in 2030.
Konza Techno City is expected to cost Ksh595.8 billion when completed in 2030, the Konza Technopolis Development Authority (KoTDA) CEO has said.
Engineer John Tanui said the Government will fund the waste water plant, roads, security access and KoTDA offices to the tune of an estimated Ksh52.2 billion while another Ksh43.2 billion, meant to finance the ICT network, electricity distribution and water distribution will be sourced from the private sector through Private Public Partnerships.
The remaining Ksh 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% to the national GDP once it becomes fully operational by 2030.
According to Eng. 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 John Mucheru when he toured the KoTDA offices located at Westlands in Nairobi.
He said the Techno City will establish Kenya’s global leadership in knowledge-based industries while providing world-class infrastructure, education and research facilities which will create technology-enabled business innovations in the country.
“Konzo City will have a vibrant mix of businesses, workers, residents, science and technology and urban amenities,” added Eng. Tanui.