The project has been in the pipeline since 2008.
Kampala is in talks with South Sudan to build the oil pipeline from the Albertine to Juba.
Hope City will be built in an area of about 1.5 million square meters.
The agency will manage the implementation of the project on behalf of the State.
The facility is the first to be built in Kenya in the last 80 years.
Global financiers have pledged grants to be used on road expansion projects.
The project was financed through a 14 million Euro grant from the German government.
The World Bank has already confirmed the release of the funds for this project.
The 1,776 feet height commemorates the signing of the Declaration of Independence.
The project is fully-funded by the Kenyan government to the tune of Sh10 billion.
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.
The new flyover, funded by Spain, is expected to open in 2027.