Private investors to build 23,000-bed hostels in public varsities
18 December 2017
Three public universities are set to expand student accommodation by more than 23,400 beds after the Treasury approved their requests to let private investors build hostels.
Treasury secretary Henry Rotich has cleared Embu University College, South Eastern Kenya University (Seku) and Moi University to build hostels through the public private partnership (PPP).
“The procurement of the three hostel projects has begun in earnest… competent local and international bidders will be prequalified after the bid submission period which closes February 28,” Mr Rotich said in a statement.
The hostels will have furnished rooms, separate study areas and food supply facilities along with tuck shops, the Treasury says.
The approval of the three projects follows a detailed analysis by a consortium of transaction advisers led by the South African consultancy Genesis Analytics.