Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Rift Valley Railways secures funds for locomotives

11 September 2014, 08:25

Nairobi -  East Africa's Rift Valley Railways, operator of the only rail line linking Kenya's Indian Ocean coast with Uganda, said on Wednesday it had funding of 2.2 billion Kenyan shillings ($24.80 million) to buy 20 locomotives to be delivered by next April.

Rift Valley Railways (RVR) is expected to face competition from a new railway being built with Chinese financing from the port city of Mombasa to the Ugandan border that is due to be completed in the coming years.

RVR said it had a loan of 1.8 billion shillings from South Africa's Standard Bank and its Kenyan unit, CFC Stanbic. RVR will provide the remainder of the funds.

It said it had already received three locomotives, built by General Electric.

Also Read:  Syokimau model a template to end traffic woes

"When added to locomotives being rehabilitated in the rail operator's Nairobi workshop, the trains will double RVR's mainline locomotive fleet, substantially increasing its freight haulage capacity in Kenya and Uganda," RVR said.

Rail transport in Kenya accounts for only 1 million tonnes of the 20 million tonnes of cargo that passes through the port of Mombasa to the region every year.

RVR added it was also refurbishing wagons in Nairobi and Kampala and by the time this was complete in June, its fleet would have more than doubled to 2,400 from the present number.

Egypt's Citadel Capital owns 85 percent of RVR. Uganda's Bomi Holdings owns the rest.

- Reuters

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...