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Firms get more time to bid for Sh4bn CBD parking lot

Developers will have more time to submit bids for the planned Sh4 billion multi-storey parking lot at the Nairobi Central District.

Bidding will now close on February 2 to give time to the county to get all the approvals from the National Treasury.

The county requires approval from the Cabinet Secretary in order to proceed with a Public Private Partnership of such magnitude.

Officials at City Hall said that they have obtained substantive approval and are now waiting for a formal go-ahead.

The new multi-level parking building is supposed to replace the current “Sunken Car Park”, which is next to Kenya Re building opposite Jogoo House along Taifa road.

INCREASE PARKING SPACES

The proposed storey includes a commercial centre and a training facility that will reduce traffic congestion and increase parking spaces.

City Hall has called for bids from private companies to plan, build and operate the parking lot.

The firms will then operate the facility for a number of years depending on the deal with the county.

“The scope of work for the concessionaire includes planning, designing, constructing operating, maintaining and enjoying commercial benefits for a period proposed by the applicant,” the request for proposal reads.

Governor Evans Kidero’s  government indicated that it would invite reputable companies including international investors to bid.

City Hall insists that the successful developer will require technical expertise in developing parking spaces and real estate.

They must also deposit a Sh40 million bid security.