Property prices soar along Nairobi's Northern Bypass

22 Aug, 2010

In what has been described locally as a scramble, Kenyans have been jostling to set up new homes and businesses alongside the northern Nairobi bypass which is currently under construction.

The project is being funded predominantly by the Chinese government, which is paying 85 per cent of its estimated cost of 8.5 billion Kenyan shillings, with the Kenyan government picking up the tab for the remaining 15 per cent.

China has appointed China Road and Bridge Corporation (CRBC) as the contractor for the combined 70 km of northern and eastern bypasses, aimed at making Nairobi a regional business hub. A state-owned enterprise, CRBC is China