A consortium led by South Africa’s Genesis Analytics (Pty) Ltd has completed an initial feasibility study on the planned construction of hostels to accommodate 34,040 students in five universities and colleges.
“The Genesis-CRISIL consortium invites stakeholders to a national stakeholders meeting to present the preliminary environmental and social impact assessment of the project,” the team said yesterday in reference to a meeting scheduled for April 19 but did not provide detail.
Sources at the Treasury, however, said the projects were viable for implementation once all approvals were obtained.
The group was last year picked by the Treasury’s Public-Private Partnership Unit (PPPU) to undertake a feasibility study on the commercial and technical viability of the projects to be implemented by Moi University, Embu University College, Egerton University, South Eastern Kenya University and Kenya Technical Teachers College (KTTC).
Egerton plans to build hostels for 6,120 undergraduates while South Eastern Kenya University will build housing units for 8,000, a mess and entertainment rooms.
Moi University aims to build seven hostel blocks for 9,880 on a build-operate-transfer model while Embu University College hopes to develop a multi-storey hostel complex on a design, construct, finance, operate and transfer model for 4,040 students.
A BOT is a form of project financing a private entity finances, designs, constructs, and operate a facility for a specified period of time, after which the ownership is transferred back to the funding entity.
During the time that the project contractor operates the facility, it is allowed to charge facility users fees.
KTTC has drawn up plans for the development of hostels for 6,000 students on a PPP basis.
Rapid expansion of academic programmes has put institutions of higher learning — currently admitting nearly 70,000 freshmen a year — under immense pressure to provide additional accommodation space.
A new government policy of separating admission from bed capacity in universities and technical institutions has triggered rapid growth of property development in the country as investors seek to cash on demand.
The policy targets at mobilising private sector investment in expanding the current bed capacity, freeing learning institutions to focus on their core business of education.
In other separate arrangements, Kenyatta, Maseno, Machakos and Nairobi University have plans to expands their respective student accommodation facilities.
Kenyatta University recently signed a Sh5 billion commercial deal to aid in the development of hostel blocks that will accommodate over 10,000 students, 9,350 undergraduate and 650 postgraduate.
Maseno University also plans to develop a ‘student village” that would accommodate 10,000 students in its main campus, as well as provide attendant commercial services such as shops, restaurants, eateries, document services, banks as well as a retail anchor tenants such as Nakumatt, Tusky’s, Ukwala and Naivas.
Machakos University intends to build hostels with an interconnected twin tower building to each accommodate 5,000 students and provide facilities such as a supermarket, banks, entertainment area, food court and a business centre.
The University of Nairobi also envisages the development of a student hostel complex to accommodate approximately 4,000 students and 50 visiting scholars.
SOURCE>>> THE BUSINESS DAILY