Between July and September 2014, 11 percent growth rate was recorded in the Kenyan construction sector. This came as a result of the high number of ongoing public infrastructural projects and increased real estate developments. According to the quarterly economic survey released last week by Kenya National Bureau of Statistics, the growth was much faster than the 8.6 percent recorded over a corresponding period in 2013.
“The sector’s resilience has been on account of sustained development of the real estate by the private sector and infrastructure development by the public sector,” the KNBS said in the report. Cement consumption rose by 11.1 per cent during the three months, it said.
During the period under review, construction of the first three berths under the Lamu Port expansion project was launched and the contract was awarded to China Communication Construction Company. This project will cost the government an estimated Sh42 billion. The State has already set aside Sh4.45 billion for immediate construction works.
Another weighty project is the construction of the first phase of the standard gauge railway, which will run from Mombasa to Nairobi. So far, China Road and Bridge Corporation- the main contractor for the project, has signed deals with local cement companies such as Athi River Mining Cement for supplies. It is also negotiating several other supply deals with local manufacturers.