BUDGET ALLOCATION

Relief to traders as state allocates Sh700m to modern markets

Sh5.9bn has been allocated for second phase of Kenya Informal Settlement Improvement project.

In Summary

•56 modern markets have been constructed in the second term of President Uhuru Kenyatta's tenure.

•A number of markets in the country have undergone face lifts with noticeable upgrades after years of neglect.

National Treasury CS Ukur Yatani during a past budget reading event/FILE
National Treasury CS Ukur Yatani during a past budget reading event/FILE

Treasury Cabinet Secretary Ukur Yatani Kanacho on Thursday allocated Sh700 million to the construction of markets.

Housing, urban development and public works sector allocation included Sh5.9 billion for the second phase of the Kenya Informal Settlement Improvement project.

“Sh1 billion will maintain Government Pool Houses while 1.1 billion will support the construction of Housing Units for the National Police and Kenya Prison,” he said.

“Another 700 million has been allocated to the Kenya Urban Programme.”

According to the Principal Secretary, State Department for Housing and Urban Development, Charles Hinga,56 modern markets have been constructed in the second term of President Uhuru Kenyatta's leadership.

A number of markets in the country have undergone facelifts with noticeable upgrades after years of neglect.

Some of the multi-million markets set up in different parts of the country include Mwariro Market in the Starehe constituency. The market was constructed at a cost of Sh389 million.

Others are Westland's market which cost Sh214 million, the New Karandini Modern Market in Dagoretti North Sub County (Sh294 Million), Gikomba market which cost Sh493 million and Uhuru Business Park Market Complex (Kisumu) at a cost of Sh600 million.

The state also seeks to build its 57th modern market in Mathare North, a project which is set to cost the National Government Sh177 million. It will accommodate 305 traders.

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