Nairobi has secured Ksh.15.3 billion from the Korean government to construct the second Northern Collector Tunnel and the Maragua water project. This investment is poised to significantly impact the real estate market by addressing the city’s chronic water shortage, which has long been a hurdle for property development.
The new infrastructure is expected to deliver an additional 220 million cubic meters of water per day by 2027, ensuring a reliable water supply for residential and commercial properties. This improvement will enhance property values and attract new investments in the real estate sector, making Nairobi a more viable location for developers and investors.
The ongoing efforts to mitigate water shortages and improve infrastructure are crucial for sustaining the city's growth. With the first phase of the Northern Collector Tunnel nearing completion and expected to add 140 million cubic meters per day by early 2024, the city’s water supply will see substantial improvements.
These developments are set to eliminate water rationing and irregular supply issues, further boosting the attractiveness of Nairobi’s real estate market. The improved water infrastructure will support the construction of new housing projects, commercial buildings, and other real estate developments, contributing to the city's economic growth and urban development.
