Industrial and Commercial Hub to be Built in Mombasa
Plenty of funding comes into the construction sector through foreign direct investment and Japan decided to sign a MoU recently agreeing to fund infrastructure development at the port of Mombasa at the tune of about $270m - making the port competitive as value added services are brought onboard. The finance is for basic infrastructure development for a 1,326-hectare special economic zone (SEZ) at Dongo Kundu. Kenya and Japan signed this MoU at Tokyo International Convention on Africa Development in August 2016.
The project involves the development of infrastructure, including Berth 1 at the Port of Mombasa, access roads, transmission line, water supply pipeline, a sub-station, drainage, power supply and a free trade zone. It will also entail establishment of a free trade zone on between 300 and 500 acres for wholesale and retail trading, breaking bulk, re-packaging logistics, warehousing, handling and storage of goods. The area will be reserved for re-exports to the 400 million-people Common Market for Eastern and Southern Africa (Comesa), allowing trans-shipment of cargo without inspection or customs duty. The Comesa bloc is the largest export destination for Kenyan goods. Some 6,800 direct jobs will be created in the first phase of construction, the MoU said.
Roads and Civil Engineering Contractors Association
Roads and Civil Engineering Contractors Association Kenya develops code of conduct for members. The organization formulated codes to help it in its efforts to streamline the operations of its members. This should enable a confirmity across the East African borders for the various players involved in construction and engineering. Read More