27 Jan 2009 in National Assembly:
Mr. Speaker, Sir, Kenya Airports Authority and the Afro-Asian Investment Corporation of Qatar are in the process of developing a hotel cum trade exhibition centre. The location of the project is at the Jomo Kenyatta International Airport and its capital outlay is estimated at US$350 million. The project will comprise the following facilities:-
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27 Jan 2009 in National Assembly:
A 450-room five-star hotel with the usual amenities to be used by transit passengers, participants in conferences and meetings and airline crew.
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27 Jan 2009 in National Assembly:
A four-star hotel with 300 rooms, an exhibition centre comprising a main exhibition centre and auxiliary exhibition sub centres.
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27 Jan 2009 in National Assembly:
A convention centre incorporating a main convention centre and auxiliary convention centres, five office towers of ten floors each to be used as trade centre facilities, warehouses where exhibitors would store merchandise, a power plant to complement the main grid, two boreholes to ensure availability of water and a modern hospital with a 200-bed capacity.
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27 Jan 2009 in National Assembly:
Mr. Speaker, Sir, the Kenya Airports Authority will lease 90 acres of land for the development of those facilities on a build- operate and transfer basis. The lease period will be 80 years at the expiry of which the land, together with the structures, will be transferred to the Kenya Airports Authority.
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27 Jan 2009 in National Assembly:
Mr. Speaker, Sir, whereas the project was ultimately approved by the Cabinet, preliminary approvals were accorded by the KAA Board of Directors, the Ministry of Transport, State Law Office, the Ministry of Finance, the Public Procurement Oversight Authority and the relevant Cabinet Sub-Committee.
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27 Jan 2009 in National Assembly:
Mr. Speaker, Sir, in conformity with the lease agreement, all pertinent issues under tenant terms and conditions for development will be complied with. The development will be carried out solely at the cost and risk of the investor. That is without monetary contribution by the KAA, the Government or any other Government agency. The following are some of the potential benefits of the said project to the national economy, the aviation industry and the KAA, in particular.
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27 Jan 2009 in National Assembly:
(i) The project will boost the economy and trade through increased consumption of goods and services, increased job opportunities and transfer of technology, amongst others.
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27 Jan 2009 in National Assembly:
(ii) The project will lead to higher revenue collection, given that it will enhance passenger traffic growth and increase the number of airlines operating at the Jomo Kenyatta International Airport (JKIA).
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27 Jan 2009 in National Assembly:
(iii) Kenya will have a unique, and probably the largest expo cum convention and trade centre ever established in the African continent. Subsequently, the availability of this state of the art facility, with the latest technology, will make Nairobi an attractive destination for meetings, conferences and exhibitions.
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