AfricaNews Business desk
The Vision 2030 Delivery Board has signed a Memorandum of Understanding with Tatu City, endorsing the unique housing and infrastructure development concept as a model for private development and management of municipalities.
Speaking during the signing of the Memorandum of Understanding, Vision 2030 Delivery Board Chairman, Dr. James Mwangi, hailed Tatu City master planners for developing a holistic urbanization model that is cognizant of the social and economic pillars of Vision.
“The government is keen to ensure that the social and economic development of our citizens are at the centre of our policies. This is the main driver of Vision 2030. The approach taken by the promoters of Tatu City clearly demonstrate that this is also at the heart of the master plan they have developed.”
The city, whose master plan was launched in October 2010, is an all-inclusive development incorporating 11 different land uses with residential accounting for 60% of the total land area. The balance will be allocated for a technology park, commercial retail and hospitality developments. On completion, Tatu City will be home to an estimated 62,000 residents and is expected to have 30,000 day visitors.
Speaking during the ceremony, Tatu City Chairman, Nahashon Nyagah confirmed that the partnership would go a long way in promoting the socio-economic development of the country in line with the Vision 2030.
“We are delighted to collaborate with Vision 2030 whose goal for sustainable development for our Nation inspired Tatu City. At a macro level, this is a project that will not only positively impact the livelihoods of the ordinary Kenyan but will also assist the government in its efforts to adjust its policies to accommodate similar projects” he said.
He commended the government for supporting projects that support the betterment of the life of Kenyans pointing out that the private sector must play its role in the implementation of the Vision for a globally competitive and prosperous nation by 2030.
Vision 2030 Delivery Secretariat Director General, Mugo Kibati, added that the partnership will also promote private-public exchange, debate and cooperation in Kenya.
“Vision 2030’s main aim is to accelerate the transformation of our country into a newly industrialized globally competitive nation by 2030. As a model for sustainable urban development, Tatu City will reposition Kenya’s property development and housing landscape making it a reference point for other African countries,” Mugo said.
Mugo added that the partnership would enable the government identify the policies most capable of attracting investment in the housing development sector. It would also facilitate adoption of best practices for the development of green satellite cities around Nairobi and other urban hubs in the country.
The signing of the MoU demonstrates the consultative and cooperative spirit between the promoters of Tatu City on the one hand and all regulatory bodies involved with the project over the past year on the other.
Nyagah confirmed that the project was still on schedule for ground breaking by the end of the year.
Tatu City is the first major privately funded Vision 2030-driven initiative. It joins similar pioneering projects like Kenya Railways Commuter Rail and Railway City; JKIA’s Greenfields Airport Terminal; Kengen’s Geothermal Power Development; and KICT’s Konza Technology City (all funded by the government) as Vision 2030 flagship projects in the respective sectors.
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