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Economy

MPs raise Konza City allocation to Sh900m

Konza technopolis will from next month start laying road and electricity networks after receiving an additional Sh400 million from Parliament.

The House budget committee raised the allocation to Konza to Sh900 million after the Treasury had provided Sh500 million to the techno city.

The additional allocation comes days after completion of mapping of land parcels earmarked for construction of the first phase of the project.

The first phase will take 400 of the 5,000 acres that make up the technology city and the government is preparing to allocate the mapped zones to investors for construction.

“The amount allocated so far, which is close to Sh1 billion, will be focused in fulfilling our mandate of building horizontal infrastructure such as roads and power lines, some which we have already started to implement at the site,” said John Ngumi, chairman Konza Technopolis Development Authority, the government agency spearheading Konza city development.

The ministry of ICT had put a proposal for Sh3.7 billion in allocations for development of the city.

The mapping of the 400 acres was done by the University of Nairobi Enterprise Services, and its completion has paved the way for construction work to start.

Already up to 345 local and international companies have shown interest in moving to the park.

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