Uganda Railways Corporation Withdraws Rift-valley Railways Concession Deal

This is one of the joyous moments of the turbulent 12-year marriage between the Rift Valley Railways and the Uganda Government in a 25-year concession that has nearly reached halfway. This is the reminder of the failed concession where the government claims RVR failed to pay the 8.5 million dollars of concession fees which culminated in the old Uganda Railways Corporation bouncing back into the picture.

“This is to inform all our esteemed customers and the general public at large, that effective today; 25th January 2018 Uganda Railways Corporation having been instructed by the Ministry of Finance, Planning and Economic Development has immediately taken over considered assets from Rift Valley Railways.” Said, Charles Kateeba – MD, Uganda Railways Corporation. The start to this end of RVR business started in October 2017 when Kenya which is part of the Joint Concession Airing opted out. KARA holding the biggest shareholder in RVR is struggling with debt and as well together left the railway business. Not even arbitration in Court has finally saved RVR concession.

“Definitely Uganda Railways Corporation will be employing people to manage the railways and the former RVR staff will have the first opportunity.” Can something come of this old infrastructure, government’s action is awaited as the Standard Gauge Railway is not expected very soon.