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How land banking can cut mega projects costs
Road works for the Bus Rapid Transport (BRT) Station under construction along Thika Road Superhighway at Survey on June 7, 2021. PHOTO | DIANA NGILA | NMG
The high cost of land has often been cited as one of the biggest challenges facing infrastructural development. This is particularly so, where infrastructure development is carried out in phases.
Latter phases end up being hit with higher land acquisition costs due to enhanced commerce, habitation and other opportunities resulting from the earlier phases of the investment.
