Moi University Pension Scheme has embarked on a landmark project that is set to give Eldoret town a new skyline with a 26-storey building.
The Sh2.4 billion twin-tower under construction on the busy Uganda Road is expected to be the tallest and biggest building in the North Rift town.
Currently, the Kerio Valley Development Authority (KVDA) building is the tallest in Uasin Gishu County.
The Moi University Pension Scheme complex aims to meet demand for office space for clients across East Africa and the Great Lakes region.
A Trustee of the scheme and chairman of the project, Prof Cheptuk Rotuch, said upon completion in about 112 weeks, the office tower block would alleviate office shortage following the devolution of services to the counties and the increasing number of universities in the region.
“Following the inception of devolution in the new dispensation, there has been a shortage of modern offices in Eldoret which is a major town. Upon completion, it will house most county governments ,” said Prof Rotuch.
Speaking to the Business Daily on the site, Prof Rotuch revealed the complex would be sold to members of the public and investors once it is completed.
“We are going to sell the complex and give members of the scheme the money upon retirement. We don’t want our members to retire and go home without anything,” he said.
According to Prof Rotuch, the project was initiated in September last year and is scheduled for completion early 2016.
“The building will have five floors for parking We shall have three basement parking levels and two others on the mezzanine level ,” he said
Prof Rotuch added that the block would have 17 regular floors from the seventh to the 23rd floors which will house a restaurant, health Club and swimming pool on 24th floor.
He named other features of the development as back- up power supply, podium levels, firefighting equipment and Internet facilities.
“Our clients do not also have to worry about water as we shall have a ground and elevated water reservoirs supplemented with an on site borehole to boost supply from the Eldoret Water and Sewerage,” he said.
It also boasts a transformer, switch room and standby generator house.