· Tatu City concept will be a flagship model for future
urbanization in the country
· The partnership will promote private-public exchange, debate
and cooperation for similar projects
Nairobi, September 15, 2011 – Kenya’s Vision 2030 Delivery Board has
today signed a Memorandum of Understanding with Tatu City, endorsing
the unique housing and infrastructure development concept as a model
for private development and management of municipalities.
Speaking during the signing of the Memorandum of Understanding, Vision
2030 Delivery Board Chairman, Dr. James Mwangi, hailed Tatu City
master planners for developing a holistic urbanization model that is
cognizant of the social and economic pillars of Vision.
“The government is keen to ensure that the social and economic
development of our citizens are at the centre of our policies. This is
the main driver of Vision 2030. The approach taken by the promoters of
Tatu City clearly demonstrate that this is also at the heart of the
master plan they have developed.”
The city, whose master plan was launched in October 2010, is an
all-inclusive development incorporating 11 different land uses with
residential accounting for 60% of the total land area. The balance
will be allocated for a technology park, commercial retail and
hospitality developments. On completion, Tatu City will be home to an
estimated 62,000 residents and is expected to have 30,000 day
visitors.
Speaking during the ceremony, Tatu City Chairman, Nahashon Nyagah
confirmed that the partnership would go a long way in promoting the
socio-economic development of the country in line with the Vision
2030.
“We are delighted to collaborate with Vision 2030 whose goal for
sustainable development for our Nation inspired Tatu City. At a macro
level, this is a project that will not only positively impact the
livelihoods of the ordinary Kenyan but will also assist the government
in its efforts to adjust its policies to accommodate similar projects”
he said.
He commended the government for supporting projects that support the
betterment of the life of Kenyans pointing out that the private sector
must play its role in the implementation of the Vision for a globally
competitive and prosperous nation by 2030.
Vision 2030 Delivery Secretariat Director General, Mugo Kibati, added
that the partnership will also promote private-public exchange, debate
and cooperation in Kenya.
“Vision 2030’s main aim is to accelerate the transformation of our
country into a newly industrialized globally competitive nation by
2030. As a model for sustainable urban development, Tatu City will
reposition Kenya’s property development and housing landscape making
it a reference point for other African countries,” Mugo said.
Mugo added that the partnership would enable the government identify
the policies most capable of attracting investment in the housing
development sector. It would also facilitate adoption of best
practices for the development of green satellite cities around Nairobi
and other urban hubs in the country.
The signing of the MoU demonstrates the consultative and cooperative
spirit between the promoters of Tatu City on the one hand and all
regulatory bodies involved with the project over the past year on the
other.
Nyagah confirmed that the project was still on schedule for ground
breaking by the end of the year.
Tatu City is the first major privately funded Vision 2030-driven
initiative. It joins similar pioneering projects like Kenya Railways
Commuter Rail and Railway City; JKIA’s Greenfields Airport Terminal;
Kengen’s Geothermal Power Development; and KICT’s Konza Technology
City (all funded by the government) as Vision 2030 flagship projects
in the respective sectors.
About Vision 2030
Vision 2030, launched in June 2008, is Kenya’s development roadmap
aimed at transforming the country into a prosperous and competitive
nation in two decades. Vision 2030 is anchored on three pillars,
Political, Economic and Social, all targeting to improve the lives of
all Kenyans. Vision 2030 is built on strong foundations also known as
macro-enablers and these include energy, infrastructure, science
technology and innovation as well as land and public sector reforms.
About Tatu City
Tatu City is a comprehensively planned, all-inclusive development that
will have 11 different land uses with residential accounting for 60%,
while the balance will be allocated for a techno park, institutions,
commercial retail and hospitality. On completion, Tatu City will be
home to an estimated 62,000 residents and is expected to have 30,000
day visitors.