Genesis is lead in hostel plan for 35000 Kenyan students
University hostels for Kenya
Project finance advisory service
Urban and built environment
Kenya Ministry of Finance PPP Unit
2015 – ongoing
Genesis is the lead partner in a consortium that has been retained to provide transaction advisory services for the development of hostels for 35000 students at five universities in Kenya.
The Genesis Infrastructure team is providing a full portfolio of services, right from the feasibility study through to the financial close.
As part of the scope of work, Genesis undertook an evaluation of the project in order to assess the economic impact it will have on the Kenyan economy. The core requirements of the consortium are the production of technical and financial feasibility studies, the preparation of bid documents and assistance with the selection and contracting of the preferred bidder.
The feasibility report was submitted in mid-September 2016 and requests for qualification went out at the end of 2017 for three of the five student hostel PPP projects.
A milestone was reached in April 2018 when five joint ventures and a Chinese firm were shortlisted for construction of 23 400 multi-billion shilling hostel units at Moi, Embu and South Eastern Kenya (Seku) universities. The pre-qualified bidders will submit their proposals at the end of October 2018.
Genesis is the lead transaction advisor for the project and, after completing the detailed feasibility studies, is assisting the Government of Kenya procure the appropriate private implementation parties.
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