20 December 2012

Kenya: Konza Project Seeks Second Delivery Partner

The eagerly awaited Konza Technology city was finally launched by president Mwai Kibaki in Makueni county. ( Resource: Kenya's First Technology City Launched )

The ministry of Information and Communication is shopping for the second master delivery partner for Konza Technology City. The selected firm is expected to take the project to the next level with duties such as doing land lease negotiations with parcel developers and construction management for public Infrastructure in the city.

The partner will also have to develop a building parcel guidelines for the 5000 acre land and run a branding and marketing campaign for Konza. The award criteria has specified that the firm must have experience in Kenya's construction industry.

The official ground breaking of the Sh1 trillion public-private project is scheduled for January 2013. The Government has already set up a Konza Technology Development Authority (KOTDA) to oversee the development and running of the city.

Master Delivery Partner 1,US-based HR&A , has been carrying out investor outreach and developing real estate strategy, the infrastructure finance plan and governance strategy for phase one of the project.

"The MDP2 will be called upon to support the negotiations for each parcel land lease deal throughout Phase 1," said MOIC in the ender announcement.

There are approximately 100 parcels in the phase and most of them are residential. But there are more critical parcels which will have commercial structures and universities.

The real estate strategy developed by MDP1 calls for the infrastructure costs of Phase 1 to be funded by government and private sector building developers to fund most vertical construction.

"The anchor tenant outreach and market assessment of MDP1 found the residential market to be strong for the Konza site and that residential developers are likely to be attracted to lease parcels in Phase 1," says MOIC.

The ministry said in the tender information that the second partner which may be a consortium of firms or single firm will be announced on February 22 next year.

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