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Stecol Corporation of China bags an Sh1 billion tender

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Chinese firm Stecol Corporation has bagged an Sh1 billion tender to do the final phase of Kijani Ridge, of Tatu city. The multi-million-shilling Project to be completed in a period of 10- 12 months includes tarmacked roads, footpaths, underground stormwater conduit network, and water supply pipeline, sewer lines, hundreds of streetlights, fiber optic cabling, and underground power lines. The new city is expected to meet the demand for businesses, homes and social amenities.

Samuel Gathukia, Head of Construction and Delivery at Tatu City said that Stecol Corporation has already proved its capability of delivering world-class infrastructure across Tatu City for many years and is currently completing an infrastructure project in Kijani Ridge’s Slope, Park, Meadows, and Lakeside neighborhoods.

Tatu City is Kenya’s first operational Special Economic Zone that offers a host of incentives including low corporate taxes, zero-rated Value Added Tax (VAT) and import duty exemptions, among other benefits. According to official sources, more than 70 local, regional, and multi-national businesses have opened or started development at Tatu City.

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