Corporate News
By KIARIE NJOROGE
In Summary
- The building, which will also have commercial and office space, will be situated on the Sunken Car Park land adjacent to the Aga Khan Walk and Harambee Avenue.
- The development will be a public private partnership (PPP) with the county providing the land while investors put up capital.
- Parking will be charged based on the amount of time spent rather than the current system where motorists pay a flat daily fee of Sh300.
City Hall has advertised for tenders to construct a
Sh4 billion multi-storied car park that will add 3,000 parking spaces in
the central business district.
The building, which will also have commercial and office
space, will be situated on the Sunken Car Park land adjacent to the Aga
Khan Walk and Harambee Avenue.
County Executive for Land, Housing and Physical
Planning Tom Odongo said the initial design would be a 17-storey
structure, which could go up to 30 floors depending on projected
investors’ returns.
“So far, what we want is a seven-storey podium
which is predominantly a car park. Then we have a tower which is mixed
use. This will have offices, restaurants and recreational facilities,”
Mr Odongo said. He added that the development would be a public private
partnership (PPP) with the county providing the land while investors put
up capital.
The investors would build, operate and transfer the
structure to the county within agreed timelines, but the period would
not exceed 30 years.
Parking will be charged based on the amount of time
spent rather than the current system where motorists pay a flat daily
fee of Sh300. This will provide relief to those who come to the CBD for
shorter periods.
“You must have a model of charging that can allow
both short-term and long-term parking. Short-term is traffic that is
just coming in to do either shopping or something in town and get out,”
said Mr Odongo.
He said the project was part of efforts to get rid
of street parking bays on busy roads to create an extra lane for large
capacity buses.
There are plans to introduce a bus rapid transit
(BRT) system in the city centre once nine BRT corridors are completed.
City Hall intends to introduce buses that can accommodate a large
numbers of commuters.
Mr Odongo also added that several streets would be remodelled into pedestrian walkways to improve accessibility to businesses.
But Nairobi City County Business District
Association chairman David Gachuru said City Hall should concentrate on
removing cars from the city streets and not building more parking
spaces.
“There are very few open spaces in the CBD and that
space should be left so. By building a concrete structure, they are
telling me to come with my vehicle to the city. This is contrary to the
earlier plan that talked of decongesting the city,” he said.
“For me, these car parks should be in areas like
Mombasa Road, Kawangware, Lang’ata and Thika Road. I drive to those
areas and travel by bus or train.”
In the financing model proposed by the county, all
accruing income would ideally go to the investor before the transfer,
but Mr Odongo said they were looking at structuring the deal in a way
that they would still receive income during the period the investor was
in charge of the facility.
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