Kenya-Uganda Railway Deal with RVR Terminated

[John Ashworth]

25-Year Kenya-Uganda Railway Deal Terminated

[John Ashworth]

Not so fast, Uganda tells Kenya over decision to end RVR concession

IN SUMMARY

- In January, KRC managing director Atanas Maina put RVR on notice to terminate the concession, over unpaid fees to the tune of Ksh600 million ($6 million) and failure to meet other targets.
- Uganda Railways Corporation managing director Charles Kateba said the RVR concession “still stands” because “there are other options.”
- A government official in Kampala says a decision whether to terminate, allow refinancing or bring on board more investors “will be made by this time next week.”

[John Ashworth]

RVR wooing investors in hunt for cash

[John Ashworth]

State on right track with plan to terminate rail concession

Let us admit it. We still don’t know what to do with the Lunatic Express, namely, the old railway line currently under a 25-year concession by the name Rift Valley Railways (RVR)...