Rift Valley Railways, which has the concession to operate and maintain Kenya’s 1918km metre-gauge network, wants Kenya Railways, the regulator, to take back control of the infrastructure and is seeking a new investor to put it on a sound financial footing. RVR’s new group CEO, Mr Isaiah Okoth, spoke to David Briginshaw at the International Railway Summit in Paris about his plans to revive RVR’s fortunes.
AFRICAN energy and infrastructure company Qalaa Holdings confirmed on January 5 that it has begun preliminary discussions to sell its 73.76% stake in Rift Valley Railways (RVR), which has a concession to operate the metre-gauge railway in Kenya and Uganda.
THE Kenyan government has told a High Court hearing that Rift Valley Railways (RVR), which has a concession to operate the metre gauge Kenya-Uganda Railway, must continue to pay a road maintenance levy for highway maintenance even though it is a purely railway operation.
Several companies are benefiting from what is being dubbed a railway renaissance in Africa as new opportunities emerge in markets across the continent buoyed by a rush for mineral wealth. But things are far from simple, as Paul Ash explains.
RIFT Valley Railways has taken delivery of its first batch of former GE B23-7 diesel locomotives which have been rebuilt by NRE as C23-7 units equipped with NRE's NForce control and concluded a $US 20m financing deal for the fleet of 20 units.