The Standard Group Centre is among the buildings that were earmarked for demolition
The government has rescinded plans to demolish multi-billion shilling buildings along Mombasa Road and Waiyaki Way to make room for road expansion.
The buildings that were marked for demolitions in a mandatory acquisition plan include the Sameer Business Park, Standard Group Centre, ABC Place, Lab & Allied, Bobmil Industries, Tulip House, Plaza 2000 and Safaricom House.
News about the planned demolition planshad caused tumult early this year with investors saying they would incur big losses despite assurances by the state that they would be compensated.
A task force conducting a review of the road expansion projects has proposed that new land acquisition be undertaken on Mombasa Rd/Airport North Junction.
The report also recommends the opening up of service roads that will serve the Inland Container Depot and businesses situated along the link from Mombasa Road and Southern Service Road, while the Old Mombasa Road is to be renovated to serve ICD and local premises.
No new land acquisition will be made on the Mombasa Road/Southern Bypass Junction. The task force proposes the establishment of a utility buffer zone situated between Airport North Road and the railway line.
A fly-over that was planned on the Mombasa Road/Enterprise Junction will be revised as it would take too much space. Meanwhile about half an hectare of land will be needed for the widening of the road, which the report cites hold several parcels on road reserve.
On the James Gichuru Junction/Waiyaki way, the task force proposes that two parcels of land are needed for a future fly-over and will be acquired from public institutions north of the junction. The new acquisition plans will cost the government about Sh1 billion.
