Kisumu City Lakefront Development Initiative

N/A

Amount Raised

N/A

Total Investors

Project Overview

The City of Kisumu’s “Integrated Strategic Urban Development (ISUD) Plan”, identified the Lakefront Area as a key asset for the city and proposed its development as an extension of the Central Business District (CBD). The land targeted for this expansion was owned by the Kenya Railway Corporation (KRC) who also planned to develop the land, on a commercial basis. In order to materialise the development of the area in a way that: benefits the city; presents economic gains for land owners and developers; and preserves the local economy that was active in part of the area; UN-Habitat prepared the Lakefront Development Advisory Plan and further analysed legislation and overall economic feasibility of the areas (see annex) . UN-Habitat also proposed the formation of Lakefront Development Corporation, a Special Purpose Vehicle (SPV) that would promote public and private sector investment and development of the lakefront. Upon assuming Office in 2018, the Governor of Kisumu, Professor Peter Anyang’ Nyong’o, took up the recommendation of UN-Habitat and established the SPV known as Kisumu Lakefront Development Corporation (KLDC). The vehicle is currently seeking UN-Habitat support to operationalise the Advisory Plan and subsequently attract investors to the lakefront.

Sectors

  • Affordable Housing
  • Energy
  • Roads & Bridges
  • Informal Settlements Upgrading
  • Transport & Mobility
  • Urban Infill & Public Space
  • Waste Management
  • Water & Sanitation
US$200,000,000
Funding Goal
Kenya
Country
Africa
Region

Objectives

Geographical Scope: Total site = 1,300,000; Net land for construction = 600,000 sqm
Objective: To provide a spatial development framework with a business case that attracts investment

Progress Tracker

Phases

  • Phase 1

    Preliminary Design and impressions

  • Phase 2

    Feasibility Studies

  • Phase 3

    Technical and Working Drawings and Plans & Quantities

  • Phase 4

    Building Works

Current Stage

Concept Stage

Timeline

10 years.

Project Milestones

1). Feasibility Studies for various infrastructure components; 2)Funding Agreement.

ESG Impact

Project will be aligned to UN-Habitat ESG.

Beneficiaries

Target beneficiaries are Kisumu residents; population being 1.2m people.

SDG Goals

SDG 1: No PovertySDG 2: Zero HungerSDG 3: Good Health and Well-beingSDG 4: Quality EducationSDG 5: Gender EqualitySDG 6: Clean Water and SanitationSDG 7: Affordable and Clean EnergySDG 8: Decent Work and Economic GrowthSDG 9: Industry, Innovation and InfrastructureSDG 10: Reduced InequalitySDG 11: Sustainable Cities and CommunitiesSDG 12: Responsible Consumption and ProductionSDG 13: Climate ActionSDG 14: Life Below WaterSDG 15: Life on LandSDG 16: Peace and Justice Strong InstitutionsSDG 17: Partnerships to achieve the Goals

Rationale

SDG 1: The project will improve livelihoods of local communities
SDG 6: Conservation of environmentally fragile ecosystems around the lake such as Dunga beach, swamps thereby enhancing water quality
SDG 7: Promotion of mobility through water transport reducing long distance trucking and carbon emission
SDG 8: Formal jobs created for local communities through emerging investments and trade
SDG 9: Potential for setting up innovative industrial activities by public and private sector. Infrastructure improvement resulting from planning and re-development.
SDG11: Spatially planned waterfront city generating revenues from local sources
SDG13: Reduced pollution, green and climate resilient city
SDG14: Protection from pollution of water fauna and flora
SDG17: PPPP’s

Risks and Limitations

What are the key risks, constraints and dependencies related to the project?

Political transition.

Risk mitigation and continuity

N/A

Financing

Funding Goal

US$200,000,000

To be determined at the Feasibility Studies’ phase of the project.

Type of Investment

Equity; Grant

Financing Structure

Public Private Partnership

Secured Investment

Kisumu County - US$10,000, UN-Habitat - US$40,000

Committed Government Funding

N/A

Committed Private Funding

N/A

Support

Technical Support Required

• A full feasibility study including market analysis and business plan that will guide the scope, composition, and stages of implementation
• Meetings with local land owners
• Completion of detailed plans
• Refining the development strategies and establishing the financial, legal, and institutional mechanisms
• Full public participation process
• Formal County and City approval
• Analysis of costs for service provision to new population and maintenance of infrastructure in relation to income from taxes and fees for services

Stakeholders

Governmental Buy-in

County Government of Kisumu

Other Forms of Governmental Support

N/A

National Ministries Involved

1. Ministry of Transport, Infrastructure, Housing, Urban Development & Public Works
2) Ministry of Land and Physical Planning
3) Ministry of Devolution 4) National Treasury

SubNational Ministries Involved

City of Kisumu

Other Entities Involved

Kisumu Lakfront Development Corporation (KLDC)

Licenses and Permits


National Environment Management Authority; Special Planning Area Declaration.

Updates

Supporting Documents

No supporting documents included.

FAQs

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