Construction of multi-million dollars hostels in Kenya to commence soon

Construction of multi-million dollars hostels in Kenya to commence soon

Construction of multi-million dollars hostels in Kenya to commence soon

The shortage of accommodation space within Kenyan public universities is presenting investment opportunities which are attracting both local and international investors.

Treasury cleared Embu University College, South Eastern Kenya University (Seku) and Moi University to build hostels through the public private partnership (PPP) whose projects will increase local student’s accommodation by more than 23,400 beds when complete.

Under the deal, Embu will raise its accommodation capacity by 4,000 beds, Seku will add 5,400 beds while Moi will get an additional 14,000. The facilities will have furnished rooms, separate study areas and food supply facilities along with tuck shops

The investors will design, build, finance and operate the hostels for the life of the contract before the ownership reverts to the universities.

Moi University under the Public-Private Partnership (PPP) arrangement pre-qualified Kesa, Meridiam, JV Unicamp and PDM-Roko-CBA Capital Consortiums and Chinese Overseas Engineering for construction of the 14, 000 units.

The successful bidders will be required to finance, design, construct and maintain the hostels, on a build-own-operate basis. This initiative will in so doing enable the three universities to cater for the current hostels shortage that most students are experiencing forcing them to seek accommodation outside the institutions.

The new hostels will not only accommodate students but will also have separate study areas and food supply facilities along with tuck shops.

Apart from the above three learning institutions, JKUAT, Maseno, Egerton and Kenya School of Government have also sought to avail land to private developers for hostels. Moi and Kenyatta universities had in 2014 been cleared for such PPP hostel projects..

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The shortage of accommodation space within Kenyan public universities is presenting investment opportunities which are attracting both local and international investors.

Treasury cleared Embu University College, South Eastern Kenya University (Seku) and Moi University to build hostels through the public private partnership (PPP) whose projects will increase local student’s accommodation by more than 23,400 beds when complete.

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