[Source: Business Daily, by Collins Omulo]
The much-awaited Sh28 billion Nairobi Railway City has started taking shape after the formation of the Railway City Development Authority (RCDA), a special purpose vehicle.
The first phase of the 20-year project that is set to change the face of Nairobi Central Business District (CBD) will kick-off this year.
Nairobi Metropolitan Services (NMS) Director-General Mohammed Badi said that the Authority was established in May and formation of an implementation committee was underway.
This follows a directive by President Uhuru Kenyatta in March for NMS to work closely with relevant institutions to establish the Authority and identify anchor projects and investors for the project.
“A gazette notice establishing the Railway City Development Authority was published on…
