Kenya property investors advised of $100m rail infrastructure plans

21/02/2011 - Kenya property & investment news http://www.theeastafrican.co.ke/business/-/2560/1110872/-/bvurxgz/-/
Kenya property investors advised of $100m rail infrastructure plans

International property investors are likely to be watching with interest as the Kenya Railways Corporation looks to sign up an operator to oversee a programme of infrastructure improvement in the country.

According to a new report from the East African, the state-owned corporation has put out an international tender for a rail operator to take on the task of upgrading and expanding the commuter railway system in the city of Nairobi.

It is hoped that, by investing $100 million in the capital's infrastructure, services in and out of the city will become more reliable, thereby making them more attractive to not only everyday Kenyans, but also to international investors.

Indeed, the tender notes that, alongside a number of commuter lines, a new express link is to be built connecting downtown Nairobi with the Jomo Kenyatta International Airport.

Looking further ahead, the state government is also keen to introduce a 'park and ride' system in the capital in order to further reduce levels of congestion, the newspaper adds.

At the start of the month, the International Monetary Fund (IMF) predicted that the Kenyan economy will grow by 5.7 per cent over the course of 2011.

Posted by Bob Brunskill

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