The project, with lighting and a footbridge at the KWS gate, will conclude in 15 months.
The fund has a Sh18 billion annual kitty for investments in Africa.
Proposed estate is targeting middle to upper income earners working at Konza City.
The development spans 41 acres and will comprise 2,500 one-bedroom units.
The resort will be built in four phases, each taking a year to complete.
This is the largest EPC contract that Isolux Corsan has undertaken in Africa to date.
The proposed facility will boost Mombasa's status as a business tourist destination.
Iberdrola IngenierÃa and Gamesa sign deal to build a 13.6-MW wind farm in Ngong.
Talks are underway for China to fund a new highway and rail extension.
The Chinese-funded Orpower 22 power plant will take 17 months to complete.
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.