(Yicai Global) Dec. 26 -- China National Complete Plant Import & Export will serve as the general contractor for a comprehensive hospital and surrounding apartment building compound in Machakos, Kenya -- 68 kilometers southeast of its capital Nairobi -- with the total project price reaching almost USD48 million, it announced yesterday.
The company signed the contract with the Nairobi-based project owner Lianard Holding on Dec. 22 local time, per the announcement from the renowned Chinese international project contractor yesterday.
The Beijing-based state-backed enterprise will build a 13,400 square-meter comprehensive hospital and residential building that includes 300 apartments inside with a gross floor area of 25,500 square meters, the announcement said.
The contract will take effect after the project owner signs a loan agreement with a Chinese bank and the construction period may not exceed two years from the commencement date, the announcement added.
Editor: Ben Armour