Kenya-Uganda Railway Deal with RVR Terminated
Posted: 06 Apr 2017, 07:29
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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.â€
- 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.â€
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)...