Latest BMI Research shows that mega construction projects in Kenya will help boost growth of the country’s construction industry by 8.7 percent from 2017 and remain steady up until 2026.
Here are some of the construction projects in Kenya that will takeoff in 2018 and will be instrumental in boosting the country’s economic outlook:
Construction work on the US $751.3m Kenya-Tanzania Highway is set to begin in 2018. The African Development Bank (AfDB) is currently looking for financial partners capable of investing US $385.2m towards the construction of the highway connecting Kenya and Tanzania.
The 445km Malindi-Bagamoyo highway begins from Malindi and moves through to Mombasa and Lunga Lunga on the Kenyan side. the highway will then cross into Tanga, Tanzania through Pangani and Saadani to Bagamoyo.
Construction of the 537-kilometre Lamu-Garissa-Isiolo is one of the biggest construction projects in Kenya road will start in June2018 and be completed in 2022.The project will cost Sh62 billion. The loan to fund the road construction has a repayment period of 13 years.
The project, which is part of the Lamu Port South Sudan Ethiopia Transport Corridor, will be financed by a consortium of international investors led by the Development Bank of South Africa.
3.Ngong road dualling
The Ngong road dualling is Sh3 billion project. The tender is set to be awarded anytime from now. The contract will be awarded to the lowest bidder. Expansion work for the 3.4-kilometre road is expected to start in March and run for two years.
Japanese firm World Kaihatsu Kogyo upgraded the stretch between Kenya National Library and Prestige Plaza to a dual carriageway, the first phase of the road expansion plan.
4.Mombasa port expansion ( Phase 2)
The second phase of the container will provide an additional capacity of 450,000 Twenty-Foot Equivalent Units (TEUs).
The first phase was completed in September last year and has a handling capacity of 550,000 TEUs.
Preference will be given to companies with a proven record of implementing mass housing projects in Kenya and abroad within the shortest time possible under the Engineering Procurement Contract (EPC) model will be considered.
Under this model, a firm funds development of a project to be paid upon completion once the government is satisfied with the final product.