Rift Valley Railways Consortium
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The Rift Valley Railways Consortium (RVRC) is a consortium that has been established to manage the parastatal railways of Kenya and Uganda. The consortium won the bid for private management in 2005 and will commence management officially on August 1, 2006. The contract is signed for 25 years.
RVRC is led by Sheltam Rail Company of South Africa that has experience with management of other African railways. Minor partners of the consortium are Kenya’s Prime Fuels (15%), Mirambo Holdings of Tanzania (10%) and Comazar (10%) and the CDIO Institute for Africa Development Trust (4%), both of South Africa.[1] The consortium plans to invest in the railway system, upgrade it, reduce inefficiencies, utilize a smaller work force, and generate an annual concession fee of 11.1% in each country. In addition it will pay 1 million dollar each year for the passenger service concession in Kenya.
On July 28, 2006 the East African Standard reported that the planned take-over was postponed to November 1, 2006.[2]
