Nairobi’s Makongeni Estate is set for demolition to pave way for the construction of an ultra-modern estate, the Star newspaper has reported.
The demolition follows an agreement between the Kenya Railways Staff Retirement Benefit Pension Scheme to construct a Sh83 billion estate that will comprise maisonettes, apartments, commercial centres, schools and other social amenities on a 141-acre piece of land belonging to the pension scheme.
According to the newspaper, Makongeni residents will be compensated with those living in single rooms getting cash equivalent to their 12-month rent plus Sh10,000 transport allowance.
Those living in 1-2bedroomed houses will receive cash equivalent to their nine months rent plus Sh10,000 transport allowance while those living in 3-bedroomed units with servants quarters will be given cash equivalent to their six-month rent and Sh10,000 transport allowance.
The funding of the project, which will commence as soon as the residents are evicted from the estate, will be provided by mortgage lender Housing Finance.
The lender will move on site 180 days after the signing of the agreement and will dispose off all demolished and excavated materials from the site.