Name of the Project
Kinyinya housing project.
Location
The project is located in Kigali, Rwanda.
Client
Kinyinya Special Purpose Vehicle, which includes Broad Rwanda consisting of Broad Homes International, BSMART Technology and a public-sector consortium comprising the Rwanda Social Security Board (RSSB), Development Bank of Rwanda and the International Finance Corporation (IFC). Broad Homes, a firm specialising in providing integrated solutions of precast concrete construction.
Project Description
The project is the first phase of what will ultimately be a 10 000-unit community development.
Phase 1 entails the construction of a sustainable, urban, mixed-use development, consisting of more than 2 500 housing units – 1 040 affordable apartments, 1 232 middle-cost condominiums, 54 ground-floor commercial lots and 244 villas.
Included in the first phase are 356 units of commercial outlets including a mall, an office tower, a hotel and serviced apartments.
Potential Job Creation
The project is expected to employ an estimated 1 000 workers during the construction phase.
Value
About $226-million.
Duration
Not stated.
Latest Developments
The IFC plans to provide a syndicated debt package of up to $76.5-million.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
RWSB, tel +86 0731 8860 0277 or email info@bhomeglobal.com.