Nairobi county government, has signed a Memorandum of understanding of $200 million (shs 17 Billion shillings) with a Chinese company to facilitate construction of Infrastructure within Nairobi county.
Nairobi County governor Dr. Kidero said that the money would be used in the construction of 20,000 house units, commercial centres and social facilities within Nairobi county.
“The funds we have received today from the China Railway Bureau Group is part of the 87 billion dollar that china had pledged to the county government of Nairobi for funding various development projects.”
The Governor said that the meeting between him and the Chinese envoy was a follow up visit after his grand tour to China with President Uhuru Kenyatta four months ago.
Kidero was speaking from City hall in Nairobi yesterday when he met the general manager of China Railway Bureau group, Mr. Xue Dewen.
Mr Dewen said that china was commited to the pledge it made to the Kenyan government and it was going to offer its help to the country achieve its vision 2030 goals.
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.
Early August Kidero secured a Sh87.4 billion deal with the China Investment Bank to be used in developing the county’s infrastructure.