The Konza City project has received a boost after the South Korean government gave the government a grant of Sh685.86 million that will be instrumental in constructing transport infrastructure, planning and security installations.
The funds will be disbursed in three phases. Each phase has an equal instalment of Sh228.62 million, which shall be sent to the ex-checker in the current fiscal year.
According to the plan and allocation of the funds, other instrumental things that shall be done will include the construction of smart parking facilities, digital signage, and electric vehicle infrastructure at the Technopolis.
The assistance programme, known as the Economic Innovation Partnership Program (EIPP), will be implemented by the Korea Trade-Investment Promotion Agency (KOTRA) and the Konza Technopolis Development Authority.
“Under this EIPP, consultation based on Korea’s ICT infrastructure and urban development experience is expected to significantly contribute to formulating a smart city development strategy,” said ICT principal secretary Jerome Ochieng’.
“Furthermore, the consultations will formulate strategies that meet Konza Technopolis’ unique conditions and support its growth into an innovation hub for Kenya and the rest of Africa.”