Green Energy
THE KENYA GOVERNMENT will host the first Konza city investors conference in August. The event will bring together 500 local and international investors in a three- day conference to discuss among others, the financing models of the city. Also to be discussed will be best practice cases.
The 20-year project will be developed in four five-year phases for a total estimated cost of US$7 billion. The first phase will cost an estimated US$2.3 billion of which infrastructure will cost US$1 billion. The rest will be spent on the development broken under: the ICT Park US$200 million, Residential US$975 million and the Central Business District will cost US$125 million. Each phase will last five years.
- Toyota Bids For Juba-lamu Oil Pipeline
An oil pipeline: Bid in place for Africa's largest PPP projectTOYOTA TSUSHO, the investment arm of Toyota Motor Corporation of Japan, has bid for the construction of the US$3 billion, Juba-Lamu oil Pipeline. The pipeline will initially transport...
- Kenya To Concession Geothermal Power Generation
A geothermal Plant at Ol Karia in kenya KENYA, AFRICA'S geothermal power giant, has changed its business plan in order to speed up geothermal power generation. The new plan involved separating the drilling function from the generation function....
- Africa’s Largest Wind Project Still Steaming On
A wind power farm: LWTP steamingonTHE LAKE TURKANA Wind power project, Africa’s largest wind power farm is on course. However, it is running behind schedule because guarantee from the World Bank are yet to be granted, investigations by this publication...
- How Much Money Would It Cost To Provide Security For The Trial Of Gitmo Detainees In Ny?
According to NYC mayor Bloomberg, $400 million (Hat tip: IRIS' Israel Blog): New York City projects it will cost more than $400 million to provide security if the pre-trial preparation and trial of the suspects in the Sept. 11 terror attacks takes...
- In Development: 11 Transnational Infrastructure Projects Submitted To The G20
Eleven major transnational infrastructure projects on different continents which can be financed by public and private funds have been subject to the approval of the G20 leaders meeting in Cannes (France), according to a report obtained by AFP on Thursday....
Green Energy
Kenya to host Konza technocity's investors conference
 |
| The technology Park will be a prominent feature in the city |
Konza Techno City aims to catapult Kenya into an ICT giantby 2030. It will place Kenya firmly on the competition seat with such global BPO, KPO and ITO giants as India and China. Dubbed the silicon Savannah of Africa, Konza ICT City is a green field project that will be home of Africa's Computerisation drive–something similar to Silicon Valley in the US.
 |
| The CBD: an impressive Skyline in the Middle of Savannah |
The second phase will cost an estimated US$1.7 billion of which infrastructure will cost $400million; the residential area will cost US$850 million while the CBD will cost another $100 million while the BPO will take another $300 million. The university, which shall be built at this stage, will cost some $50 million.
The third phase will cost an estimated $2.1 billion of which infrastructure will consume $600 million. The BPO will cost another $400million, CBD $300 million, Science Park $100Million and Residential $700 million.
In the final phase, BPO will cost $450 million, residential $250 million, Science park $100million while infrastructure will cost $150 million, says an analysis posted on their website, www.konzacity.co.ke. At the end of it all, infrastructure will swallow an estimated $2.1 billion while other developed will cost some $4.8 billion.
According to the same posting, there will be no land for sale to individuals. Instead, a MasterDeveloper will construct the structures and lease them to investors. The aim is to eliminate speculators who could hoard the land and delay the development of the city.
There are three options to developing the city
:
- Single Private Master Developer undertakes the master planning of the entire property under Master Development Agreement and finances its development directly or through sub-developers. Government finances backbone infrastructure fully or partially.
- Government Authority finances backbone infrastructure and undertakes the master planning of the property, including attracting developers for specific land uses.
- Government contributes land to a Special Purpose Vehicle (SPV) to be established jointly with Private Master Developer.
These are the issues expected to be thrashed out at the investor conference in slightly over one month. According to the same posting, the return on leasing ranges between 12 and 15 per cent while capital gains rate is estimated at 20 per cent.
The Konza Techno city is located 60 KMs south west of Nairobi in Makueni County. It is connected to Nairobi by Mombasa Road and served by three high speed fibre optic networks. A high speed Railway link to Jomo Kenya international Airport, is also in the works.
(Read http://eaers.blogspot.com/2012/02/kenya-rearing-to-launch-ict-city.html
(Read http://eaers.blogspot.com/2012/02/kenya-rearing-to-launch-ict-city.html
- Toyota Bids For Juba-lamu Oil Pipeline
An oil pipeline: Bid in place for Africa's largest PPP projectTOYOTA TSUSHO, the investment arm of Toyota Motor Corporation of Japan, has bid for the construction of the US$3 billion, Juba-Lamu oil Pipeline. The pipeline will initially transport...
- Kenya To Concession Geothermal Power Generation
A geothermal Plant at Ol Karia in kenya KENYA, AFRICA'S geothermal power giant, has changed its business plan in order to speed up geothermal power generation. The new plan involved separating the drilling function from the generation function....
- Africa’s Largest Wind Project Still Steaming On
A wind power farm: LWTP steamingonTHE LAKE TURKANA Wind power project, Africa’s largest wind power farm is on course. However, it is running behind schedule because guarantee from the World Bank are yet to be granted, investigations by this publication...
- How Much Money Would It Cost To Provide Security For The Trial Of Gitmo Detainees In Ny?
According to NYC mayor Bloomberg, $400 million (Hat tip: IRIS' Israel Blog): New York City projects it will cost more than $400 million to provide security if the pre-trial preparation and trial of the suspects in the Sept. 11 terror attacks takes...
- In Development: 11 Transnational Infrastructure Projects Submitted To The G20
Eleven major transnational infrastructure projects on different continents which can be financed by public and private funds have been subject to the approval of the G20 leaders meeting in Cannes (France), according to a report obtained by AFP on Thursday....