With Kibaki insisting that he wants the first ship next year in Lamu, what will this have in our economy and generally property market within the intended corridor

http://www.capitalfm.co....rt-of-lamu-port-project/

[quote=freiks]With Kibaki insisting that he wants the first ship next year in Lamu, what will this have in our economy and generally property market within the intended corridor

http://www.capitalfm.co....t-of-lamu-port-project/[/quote]

Over to you real estate investors.
The problem is after MK tenure next year will the new govt continue with the project ?

I wish i never dilly dallied on the lamu plots, now am sure any property those sides is gold/diamond. Aii na hata Isiolo am sure the next prezzo will have to be with us or we do an EGYPT on him if he stops this momentum

Good project for adult male refugees if you ask me. That's how the US built their railroads... they told Chinese immigrants that if they didn't pick up those hammers and pick axes and build them, they'd send them back to China.

Sounds harsh, but:

1. There are lots of able-bodied male adult refugees in some very large camps.

2. The railroads need to be built. Someone needs to build them, for the good of the country.

3. The government must step in to feed them anyway in order to avert a humanitarian crisis.

Remember, large infrastructure projects don't make money, they support money being made. Everyone likes to pretend we live in a "humanitarian time" in the 21st century, with wage protection, safety, lawsuits, unions, NGOs, etc. etc. but the fact of the matter is, none of that was around when the US and UK went through their industrial revolution. People wanted to eat? They wanted to stay? Then they worked. HARD.

That's how you build superpowers that last hundreds of years. You put idleness to work.

Thoughts?

Best,

Hill

Indeed we should name it after him, though the way he is giving the Chinese all the contracts, not a good idea for the professionals in the building industry, plus a huge fraction of the money we pay them will go back to their economy instead of remaining in ours..

Hope whoever will come in after 2012 will realise the importance of construction/ infrastructure in the growth of an economy.

The Mzee seems dead serious on his legacy; but all said, this guy is transforming Kenya and making people rich (including through property appreciation).

Good day.

Kazi Iendelee!!

@Freiks,

Initially,the project was to be done by the Chinese but in order to attract funding,this has been opened up to investors from other regions.

Very good news indeed, for boosting security and escalating development in the Northern Eastern Counties et al. and the nation at large. @Mukiha, by Mzee passing on I hope you mean retiring from Job No.1 post and not the other one. He said this project is doable in our (I suppose he meant his) lifetime. With the chinese machines 'chewing' the rocks literally they they have done along Thika Rd, I do believe it is doable.

At this rate, kenya is going to be a grand highway as opposed to a country but offcourse in a good way.
We have the Eastern, Greater Eastern, Southern,Northern By passes, Northern Corridor, and I bumped the other day into an expert who told me he was involved designing a road from Kibwezi,Kitui Mwingi, Isiolo and finally to Ethiopia guess it will be called the the Great Grand Eastern By pass.