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Nairobi Business Monthly
Home»Briefing»Controversy stalks Hazina Towers Construction
Briefing

Controversy stalks Hazina Towers Construction

EditorBy Editor17th September 2015Updated:23rd September 2019No Comments2 Mins Read
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Nairobi County Government is demanding Sh143 million from NSSF, owners of Hazina Towers for the 85 parking spaces that have been obstructed by on-going construction on the structure.

In a terse letter demanding the money, City Hall also raised the controversial issue of whether the building plans conform to the Nairobi integrated master plan.

NSSF hired China Jiangxi to construct the 39-storey building incorporating the four floors that house Nakumatt Lifestyle.

The Nairobi Law Monthly September Edition

County Executive Committee member for Finance Mr Gregory Mwakiringo’s letter also demanded an environmental impact assessment report and an annual assessment by the National Environmental Management Authority. Failure to produce these compliance, City Hall warned, the construction will be stopped.

“The issue of statutory payments for the 85 parking lots, which are enclosed or utilised by the project at an annual fee of Sh47.7 million totalling Sh143.2 million for the three years payable in advance has not been honoured,” Mr Mwakanongo said in the letter.

Controversy seems to be stalking the massive construction undertaking as Nakumatt Supermarket housed in the building has also stocked a row with NSSF over the construction works. The supermarket chain says it has lost Sh1.6 billion in business so far at its Lifestyle outlet owing to a drop in traffic since the construction began.

Mr Shah, Nakumatt’s managing director told the National Assembly’s Public Investment Committee last month that the retailer has moved to court to seek orders against attempts by NSSF to terminate its 20-year lease

The Nairobi Law Monthly September Edition
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The Nairobi Law Monthly September Edition
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