TDB-financed Kinyinya Park Estate Project is approved in Rwanda
The development of the $400 million Kinyinya Park Estate Project in Kigali, Rwanda, has been approved by Shelter Afrique in partnership with the Rwanda Social Security Board and the Development Bank of Rwanda.
The project includes the construction of 10,000 integrated and sustainable large-scale houses, and 200 units of commercial outlets including schools, shops, and business facilities. The Trade and Development Bank has approved a facility worth $150 million to Shelter Afrique for the implementation of the first 2 phases of the project.
Other partners in the project include the Development Funding Institution and Ultimate Developers Limited, an engineering, procurement, and construction contractor.
The Kinyinya Park Estate project is Shelter Afrique’s second large-scale housing development project in Rwanda following the 3,000 affordable housing units in Rugarama Park Estate in Kigali which were commissioned back in June last year.
