Naikuni appointed RVR Board Chair
11 August 2014, 12:51
Nairobi – The outgoing Kenya Airways CEO, Titus Naikuni has been appointed Chairman of Rift Valley Railways (RVR) Board of Directors with effect from November, 2014.
Naikuni was appointed to the position following the recent RVR's shareholder restructuring at the regional rail operator, and has promised to build a robust and efficient rail transport services to thrive the economy.
"RVR’s recent achievements and the full funding of its investment and growth plan demonstrates that it is now uniquely positioned to become a high performing railway network that can spur trade and economic growth in the region,” said Naikuni.
Ahmed Heikal, Chairman of Qalaa Holdings which is a top shareholder of RVR, said Naikuni’s experience in the transport sector especially after managing Kenya Airways since 2003 will enable RVR to realize tremendous transformation in its operations.
“His insights and vast transport sector experience will be invaluable in helping RVR realise the potential of the ambitious investment and growth programme it has embarked on,” said Heikal.
RVR is at the midpoint of a KES 25 billion capital investment and turnaround programme that began in January 2012 to revitalize the railway that had been ailing from years of neglect and underfunding.
In the 26 months since the start of the company’s renewal programme, it has invested KES 11 billion against the required KES 3.5 billion in rehabilitating the operation by installing modern rail operating technology, rebuilding infrastructure, expanding haulage capacity and developing modern rail operating skills in the 2 400 strong workforce.
Installation of satellite tracking and GPS-based technology on all trains helped cut cargo transit times between Mombasa and Nairobi by six hours.
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