Why concession kenya railways

It is expected that the railway will recover market share, both in absolute and in relative terms, through a concentrated focus on identification and meeting of customer needs. This transaction represents a number of significant achievements for both Kenya and Uganda. In Kenya, this transaction is the first privatization where a concession structure has been used. While concessions have been used previously in Uganda to facilitate investment in infrastructure, the conclusion of this transaction marks a major step in the development process of the land-locked country.

The joint concession, which is also expected to benefit other land-locked neighbouring countries through increased efficiency and lower transportation costs, has set the stage for future regional cooperation in the East African region. In addition to the successful collaboration by the governments of Kenya and Uganda and their respective advisors, IFC and Canarail, the transaction also involved collaboration with the World Bank. In addition, both the governments and the winning bidder have agreed to work together to actively promote small business linkage opportunities.

Sustainability has been an integral part of the transaction design. The firms will attend to all pending and emerging issues to ensure minimal disruption to services.

The firms have also endeavoured to ensure there will be minimal adverse economic and social impact during this transition period. Related Posts:- Railways. COP New task force to aid maritime industry to net-zero goal. Long Beach handled lesser containers in Oct, freight rates steady. Featured Videos. Moritz Claussen of cargo. Tweets Tweets by LogUpdateAfrica.