Nairobi — Nairobi Governor Evans Kidero has secured a Sh87.4 billion deal with the China Investment Bank to be used in developing the county's infrastructure.
Kidero said the monies will fund the urban re-generation of the populous Eastland's area where old county houses still exist several years after they were constructed.
He further pointed out that the finances will also be used to streamline the transit transport system and fund the nine transport corridors to open up traffic in the city.
"The China Investment Bank is more than willing to invest in Nairobi County and its Chairman Hu Huai Bang will soon be visiting for us to fine tune the loose ends of the deal, which will transform Nairobi County into a major transit hub," he said.
He stated that once done, the county will be transformed using all means of transport, from road, rail and rapid transit buses.
He added that some other Chinese investors had proposed to fund the second phase of the Digital Traffic and Security Control, where cameras will be installed in 253 major junctions across the city from Mowlem area in Embakasi West to Karen.
"We also got commitments for the health care sector where statistics show that there are 7.6 million hospital visits per year in Nairobi while my government has 83 hospitals, clinics and dispensaries. This will be upgraded to digital imaging systems," he said.
Earlier on Monday, Kidero was taken on a tour of Foton Daimler Assembly Plant in Beijing in the company firm's Senior Vice President Qian Zi Jun.
The plant produces over 100,000 motor vehicle units per annum. Governor Kidero was impressed and extended an invitation to the firm to set up an assembly plant in Nairobi to produce double cabin pick-ups.
"This will be a major step towards developing the county's transport infrastructure as well as addressing the problem of youth unemployment in the city," he said.