The Kenya Defence Forces (KDF) has appealed to private investors to help fund its project to construct 11,000 homes for its personnel who face a serious shortage of housing.
The military announced that the investors will then rent out the houses to the KDF for 15 years across which they would collect billions of shillings in compensation after which their ownership will then be reverted to the KDF.
KDF has over the years funded its own construction projects, thus making this the first time they are turning to private investors under the Public-Private Partnership (PPP) model for funding.
File image of KDF soldiers when they toured the Park road housing project. |Photo| Courtesy|
Read More
Business Daily on April 5, reported that KDF has set aside Ksh1 billion to fund the first phase of the project with the rest of the funds expected to come from private investors.
"The Ministry of Defence is faced with a shortfall of accommodation for the Kenya Defence Forces (KDF). This is particularly the case for the non-commissioned officer cadre of the KDF," the Military stated.
"The immediate need is estimated at 11,200 residential units. Owing to funding constraints, MoD intends to resolve the housing challenge through the use of the PPP delivery model."
The military said that they will construct 2,340 housing units in the first phase of the project.
The Roysambu military base along the Thika Supa Highway is among those site shortlisted for the developments. 15 acres of land from the base will be availed for the construction of 500 housing units.
737 housing units will be erected on 300 acres of land at the Nanyuki military base.
A total of 125 units will be built at the Lanet Barracks whereas 610 units will be constructed at the Kenyatta Barracks in Gilgil.
-1710390248.jpg)
-1713536678.jpg)
