22:
344:(10%) and the CDIO Institute for Africa Development Trust (4%), both of South Africa. The consortium planned to invest in the railway system, upgrade it, reduce inefficiencies, use a smaller work force, and generate an annual concession fee of 11.1 percent in each country. In addition, it would have paid US$ 1 million annually for the passenger service concession in Kenya and $ 500,000 annually to Uganda for the same reason.
155:
138:
586:. The decision to proceed with this project would require approval from all partners in the RVR consortium and from the governments of Uganda and South Sudan. With new investments, RVR anticipates to cut the transit time for goods between Mombasa and Kampala to seven days from the current twenty-one.
654:
on
September 14, 2013. In October 2013 the Tororo-Gulu-Pakwach line was officially commissioned by the Ugandan head-of-state. Meanwhile, a plan for a Chinese-built line from Nairobi to Mombasa with open access would see RVR competing for business with other operators, which may lead to another legal
520:
In March 2011, media reports indicated the RVR intended to raise US$ 240 million to fund its expansion plans over the next five years. US$ 140 million will be raised by capital injection by the three corporate investors. The remaining US$ 100 will be borrowed from commercial banks. RVR already has a
359:
announced that it had entered into a contract to manage the Kenya-Uganda railway, replacing the management of RVR. The consortium had been criticized for falling freight traffic in the two years since taking control, while the consortium alleged that the drop resulted from the poor condition of the
367:
announced plans to raise capital to "upgrade and expand the existing railway network to boost the region’s competitiveness". In a related development, the
Egyptian investment company Citadel Capital bought a 49 percent stake in Sheltam Railway Company of South Africa, the lead investor in the RVR
508:. It has operations in Argentina and Brazil, where it oversaw the successful privatization of the national railway system. ALL will provide RVR with key management and operational staff and will oversee the transfer of technology, including selection and sourcing of raw material and
655:
battle. In July 2014, RVR received US$ 70 million in loan disbursement from a consortium of international financing agencies, as part of the US$ 287 million financing plan for the period 2011 - 2016. RVR will use some of the funds to establish passenger commuter service in
633:
section to traffic in
December 2012. However, this ambitious time schedule could not be fulfilled. The line northwest from Tororo towards Pakwach was cleared of vegetation and structures were repaired. The first commercial train in 20 years ran through on the
597:
In
December 2010, RVR announced plans to increase freight volumes by 350% in the next year through improved infrastructure, in particular upgrading old rails. In September 2012, RVR began a major renovation of its locomotive overhaul facility in
391:
In March 2010, the RVR shareholders met in London, under binding arbitration. Following those talks, the new shareholding in RVR was Africa
Railways Limited (ARL) 51%, TransCentury of Kenya 34% and Bomi Holdings of Uganda 15%.
1209:
535:(earnings before interest, taxes, depreciation and amortization) for the year ending 30 June 2011. This marked the first positive annual EBITDA since African Railways acquired a 51 percent stake in RVR, in late 2009.
554:. Another US$ 80 million will be raised by the shareholders. The difference will be realized from internally generated profits. The total amount needed over the next five years has been revised to US$ 287 million.
351:
included destructive riots that blocked and partly destroyed the rail system between Kenya and Uganda leading to difficulties in supply. Further destruction and loss of income led to significant financial losses.
209:, up from 1,185 million net tonne kilometers the previous year. Both Kenya and Uganda terminated their contracts with RVR in mid-2017, with control of their national rail networks reverting to the
695:
In June 2017, the Uganda government issued a 90-day notice to RVR, notifying the concession of Uganda's intention to terminate the concession. 4 September 2017 is the expected termination date.
360:
railway infrastructure and the damage done by protesters during the 2007–2008 Kenyan crisis. Officers from Toll subsidiary
Patrick Defence Logistics managed the railway after the transition.
538:
In August 2011, East Africa media outlets reported that RVR had secured a US$ 164 million long-term loan from a consortium of six international financial institutions, which included the
683:
terminated the 25-year contract that it signed with the Rift Valley
Railways Consortium to run its metre-gauge line to Uganda. The operations of the railway in Kenya reverted to the
1213:
383:
who represents Uganda on the RVR board of directors, had expressed interest in purchasing the 15 percent shareholding that should be reserved for
Ugandans in the RVR consortium.
296:, approximately 1,600 kilometres (990 mi) north-west of Mombasa. At Tororo, the northern leg of the Ugandan railway system branches off and travels north-westwards through
1264:
1096:
1485:
1459:
1689:
1637:
1566:
1663:
1070:
1433:
1744:
589:
In March 2015, RVR stated that it had met the terms agreed with the Kenya and Uganda governments in May 2014, thereby avoiding cancellation of its licence.
422:
In March 2014, Trans-Century
Limited divested from RVR by selling their 34 percent ownership interest to Africa Railways for an estimated US$ 43.7 million.
1828:
1537:
1346:
744:
1853:
1125:
920:
1611:
1236:
419:, Uganda's capital city on 25 August 2010. The new owners pledged to invest US$ 250 million in the consortium to revitalize the railway network.
336:
that had experience with managing other
African railways. Minor partners of the consortium were Kenya's Prime Fuels (15%), Mirambo Holdings of
1848:
225:
The railway line, derided as the "Lunatic Line" by a critical British press during its construction and still referred to colloquially as the "
202:
1715:
1883:
1593:
1873:
1210:"Citadel Capital's Rift Valley Railways Boost Ugandan Economy with The Opening of Key Trade Route Between Kenya & North Uganda"
578:
of Uganda at the international border between Uganda and Kenya, a distance of approximately 700 kilometres (435 mi), through
772:
562:
In August 2011, media outlets in East Africa reported that RVR was interested in financing and building the railway line linking
551:
1878:
1823:
1818:
1868:
1863:
1858:
1514:
1372:
147:
1323:
1406:
539:
293:
1158:
804:
512:
software and hardware. The initial partnership is for a renewable term of five years, starting in November 2010.
713:
664:
660:
1597:
1022:
966:
851:
547:
497:
1184:
1135:
930:
1403:"East Africa: IFC, Global Lenders Finance Kenya-Uganda Railway, Supporting Regional Economic Integration"
696:
348:
214:
194:
897:
723:
684:
210:
1778:
525:
242:
718:
372:, where RVR is incorporated, in an attempt to block Citadel Capital's entry into the consortium.
332:
Originally, RVR was led by Sheltam Rail Corporation of Sheltam Trade Close Corporation (STCC) of
313:
118:
708:
575:
509:
402:
364:
289:
206:
1749:
1490:
1101:
870:
671:
and its suburbs, with a view to establish regular scheduled service beginning in March 2015.
368:
consortium. During the first quarter of 2010, Trans-Century filed an unsuccessful lawsuit in
256:
Another leg of the same railway system traverses the Great Rift Valley, through the town of
1813:
398:
8:
680:
635:
1667:
1463:
1437:
749:
776:
1402:
622:
and promised to commission a second vessel on the same route before the end of 2012.
563:
829:
347:
The takeover took effect in November 2006 and was scheduled to last 25 years. The
205:
over the period 1948–77. In 2014, RVR moved 1,334 million net tonne kilometers of
1808:
1773:
1641:
1542:
1315:
1292:
971:
893:
866:
687:. The concession began on 23 January 2006 and had been planned to last 25 years.
226:
1690:"RVR Gets UShs185 Billion Loan for Upgrade As Passenger Train Plans Gain Steam"
1350:
1188:
925:
269:
198:
190:
1842:
1782:
1720:
1693:
1615:
1571:
1410:
1269:
1241:
1162:
995:
625:
On the line to the South Sudan frontier, the consortium expected to open the
505:
409:
376:
277:
250:
102:
1380:
1319:
1074:
1023:"Ugandan Millionaire Bids for A Stake As Boardroom Control War Intensifies"
999:
663:. In February 2015, Rift Valley Railways Consortium, in collaboration with
380:
333:
305:
230:
567:
395:
ARL is a subsidiary of Citadel Capital, an Egyptian private equity firm.
321:
699:
is expected to resume operations, as before the concession was awarded.
1376:
1130:
606:. During the same month, RVR commission a refurbished ferry connecting
496:
In November 2010, RVR signed a technical and management agreement with
401:
is a private Kenyan investment company, whose shares are listed on the
356:
197:. The consortium won the bid for private management of the century-old
186:
182:
324:, approximately 1,500 kilometres (930 mi) north-west of Mombasa.
607:
504:, Brazil. The firm is the largest independent company of its kind in
369:
619:
501:
337:
106:
21:
1819:
Rift Valley Railways Upgrading Uganda's Northern Line To Carry Oil
1126:"RVR Raises $ 287 Million To Revive Uganda-Kenya Railway Service"
668:
656:
643:
630:
603:
416:
341:
317:
281:
257:
238:
234:
201:
in 2005. The Kenya-Uganda railway had previously been run by the
86:
1833:
1567:"RVR To Cut Mombasa-Kampala Transit Days From Fourteen to Seven"
867:"East Africa: Kenya And Uganda Railways Takeover Date Postponed"
1486:"RVR Escapes Licence Revocation With Higher Rail Cargo Volumes"
996:"Egyptians Outwit TransCentury In Bid To Control Railways Firm"
805:"Qalaa Holdings Annual Report for Year Ending 31 December 2014"
647:
626:
615:
611:
583:
571:
532:
408:
Bomi Holdings Limited is a Ugandan investment company owned by
301:
285:
273:
265:
246:
639:
297:
261:
90:
1265:"Egypt's Qalaa Pumps UShs63 Billion In Rift Valley Railways"
1042:
Investors inject $ US 250 million into Rift Valley Railways
1347:"Rift Valley Railways to Raise $ 240 Million for Expansion"
651:
579:
309:
1809:
Uganda: RVR Brings New Wagons - Published 18 December 2015
1097:"TransCentury's big owners lose Sh5bn in share price fall"
1638:"Kenya, China Quietly Strike Deal On Modern Railway Line"
543:
524:
In July 2011, RVR secured a US$ 40 million loan from the
284:, Uganda's capital. From there, the railway continues to
112:
1185:"Kenya-Uganda Rail Network to Get $ 250 Million Upgrade"
425:
Citadel Capital has since re-branded as Qalaa Holdings.
316:
of Uganda. From Gulu, the line continues west to end in
229:", runs about 900 kilometres (560 mi) from Kenya's
830:"Aboard the Lunatic Express by Linda Watanabe McFerrin"
1745:"RVR loses fight to save its 25-year railway contract"
1293:"Citadel Completes Rift Valley Railways Restructuring"
690:
667:, began testing commuter passenger railway service in
375:
Press reports from East Africa in 2010 indicated that
674:
430:
Rift Valley Railways Stock Ownership At December 2014
16:
Consortium that operated railways in Kenya and Uganda
1714:
Paul Tajuba, and Farahani Mukisa (5 February 2015).
1071:"Rift Valley Railways Investments Secures AfDB Loan"
1055:Citadel takes main holding in Rift Valley Railways
775:. Rift Valley Railways Consortium. Archived from
415:The revised shareholding agreement was signed in
1840:
1295:. Daily News Egypt via Zawya.com. 27 August 2010
1460:"RVR Targets Planned Uganda-Sudan Railway Line"
742:
203:East African Railways and Harbours Corporation
1431:
918:
745:"Naikuni To Chair Rift Valley Railways Board"
1664:"RVR Receives KSh6 Billion Loan for Upgrade"
1432:Moses Michira, Mark Okutah (2 August 2011).
1713:
531:In the same month, RVR reported a positive
528:to finance its improvements and expansion.
1587:
1434:"RVR Secures KSh14.7 Billion Upgrade Debt"
1829:RVR To Sign $ 164 Million Syndicated Loan
1515:"Track Improvements Speed Up Rift Valley"
894:"Kenya: Railway Transport Also Paralysed"
521:credit line estimated at US$ 54 million.
1854:Railway companies disestablished in 2014
1457:
1182:
798:
796:
794:
327:
20:
1814:Uganda: Rift Valley Railways Off Track?
1609:
1564:
1538:"Upgrade Plan for Kenya-Uganda Railway"
1535:
1156:
386:
312:, the largest metropolitan area in the
292:of Uganda close to the border with the
1841:
1742:
1687:
1635:
1477:
1373:"RVR Owners Report Huge Profit Margin"
1370:
1316:"Kenya: Brazilian Firm to Manage RVRI"
1313:
1237:"Citadel Capital Gains More RVR Stake"
1234:
1123:
1068:
1020:
993:
964:
891:
1849:Railway companies established in 2005
1834:Rift Valley Railways Official Website
1771:
1483:
1344:
1094:
921:"Toll to manage Kenya-Uganda railway"
864:
791:
557:
1661:
1636:Kisero, Jaindi (22 September 2012).
1157:Monitor, Reporter (26 August 2010).
1021:Wakabi, Michael (15 February 2010).
967:"Inside The Hostile Takeover of RVR"
1536:Asiimwe, Dicta (8 September 2012).
1314:Wahome, Mwaniki (3 November 2010).
965:Kisero, Jaindi (15 February 2010).
892:Ahabwe, Albert (11 February 2008).
849:Kenya-Uganda Concession Is Awarded
691:Termination of contract with Uganda
592:
13:
1612:"Museveni Opens Gulu Railway Line"
1610:Makumbi, Cissy (23 October 2013).
1565:Kalungi, Nicholas (25 July 2012).
1512:
1262:
743:Nation Reporter (11 August 2014).
675:Termination of contract with Kenya
14:
1895:
1802:
1688:Musisi, Frederic (10 July 2014).
1458:Odhiambo, Allan (5 August 2011).
1407:International Finance Corporation
1235:Musisi, Frederic (3 April 2014).
1212:. Citadel Capital. Archived from
1183:McGregor, Sarah (23 March 2010).
1069:Nation, Reporter (20 July 2011).
994:Kisero, Jaindi (6 January 2010).
919:Speedy, Blair (10 October 2008).
540:International Finance Corporation
1884:2014 disestablishments in Uganda
1371:Kasita, Ibrahim (22 July 2011).
1326:from the original on 1 July 2012
515:
294:Democratic Republic of the Congo
154:
153:
137:
136:
1874:2014 disestablishments in Kenya
1772:Khisa, Isaac (14 August 2017).
1765:
1743:Omondi, George (31 July 2017).
1736:
1707:
1681:
1655:
1629:
1603:
1558:
1529:
1506:
1484:Andae, Gerald (10 March 2015).
1451:
1425:
1395:
1364:
1338:
1307:
1285:
1263:By, Agencies (19 August 2014).
1256:
1228:
1202:
1176:
1150:
1117:
1088:
1062:
1049:
1036:
1014:
987:
958:
951:Toll to shore up embattled RVR
865:Njoka, Kimathi (28 July 2006).
773:"Group Chief Executive Officer"
491:
461:Bomi Holdings Limited of Uganda
1824:Citadel Injects Funds Into RVR
1594:Uganda's Northern Line Revived
945:
912:
885:
858:
843:
822:
802:
765:
736:
714:Kampala Capital City Authority
665:Kampala Capital City Authority
661:Kampala Capital City Authority
650:town of Tororo and onwards to
1:
1879:2005 establishments in Uganda
1598:Railway Gazette International
1095:Ngigi, George (15 May 2015).
1057:International Railway Journal
1044:International Railway Journal
953:International Railway Journal
852:International Railway Journal
729:
1869:2005 establishments in Kenya
1716:"KCCA Tests Passenger Train"
1662:Juma, Victor (8 July 2014).
570:, to the industrial town of
7:
1864:Railway companies of Uganda
1600:retrieved October 09, 2013.
1513:In, Uganda (10 July 2013).
702:
697:Uganda Railways Corporation
215:Uganda Railways Corporation
55:; 19 years ago
10:
1900:
1859:Railway companies of Kenya
1774:"Uganda Railways Is Back!"
898:East African Business Week
724:Kenya Railways Corporation
685:Kenya Railways Corporation
220:
211:Kenya Railways Corporation
185:established to manage the
1134:. Kampala. Archived from
162:
145:
132:
124:
96:
82:
67:
49:
41:
33:
1779:The Independent (Uganda)
659:, in collaboration with
526:African Development Bank
498:AmĂ©rica Latina LogĂstica
158:$ 11.3 million (FY 2014)
141:$ 84.2 million (FY 2014)
1345:Johnstone, Ole Turana.
719:Rail transport in Kenya
450:Qalaa Holdings of Egypt
349:2007–2008 Kenyan crisis
119:Chief Financial Officer
709:East African Community
552:Dutch Development Bank
510:information technology
403:Nairobi Stock Exchange
365:East African Community
363:In February 2010, the
25:
1750:Business Daily Africa
1668:Business Daily Africa
1491:Business Daily Africa
1464:Business Daily Africa
1438:Business Daily Africa
1159:"Railway Deal Signed"
1124:Ogwang, Joel (2013).
1102:Business Daily Africa
955:September 2008 page 8
871:East African Standard
810:. Qalaa Holdings (QH)
750:Business Daily Africa
442:Percentage Ownership
328:Original shareholding
24:
1059:October 2010 page 16
855:November 2005 page 2
399:TransCentury Limited
387:Current shareholding
379:, a wealthy Ugandan
320:on the banks of the
272:and passing through
175:Rift Valley Railways
29:Rift Valley Railways
1002:via Railpage.com.au
681:government of Kenya
636:metre gauge railway
432:
355:On 9 October 2008,
164:Number of employees
30:
933:on 12 October 2008
679:In July 2017, the
558:Future investments
472:Other Institutions
428:
37:Private consortium
28:
26:
1517:. Railways Africa
1405:(Press release).
566:, the capital of
548:Equity Bank Group
489:
488:
249:on the shores of
172:
171:
1891:
1796:
1795:
1793:
1791:
1769:
1763:
1762:
1760:
1758:
1740:
1734:
1733:
1731:
1729:
1711:
1705:
1704:
1702:
1700:
1685:
1679:
1678:
1676:
1674:
1659:
1653:
1652:
1650:
1648:
1633:
1627:
1626:
1624:
1622:
1607:
1601:
1591:
1585:
1584:
1582:
1580:
1562:
1556:
1555:
1553:
1551:
1533:
1527:
1526:
1524:
1522:
1510:
1504:
1503:
1501:
1499:
1481:
1475:
1474:
1472:
1470:
1455:
1449:
1448:
1446:
1444:
1429:
1423:
1422:
1420:
1418:
1399:
1393:
1392:
1390:
1388:
1379:. Archived from
1368:
1362:
1361:
1359:
1357:
1342:
1336:
1335:
1333:
1331:
1311:
1305:
1304:
1302:
1300:
1289:
1283:
1282:
1280:
1278:
1260:
1254:
1253:
1251:
1249:
1232:
1226:
1225:
1223:
1221:
1206:
1200:
1199:
1197:
1195:
1180:
1174:
1173:
1171:
1169:
1154:
1148:
1147:
1145:
1143:
1121:
1115:
1114:
1112:
1110:
1092:
1086:
1085:
1083:
1081:
1066:
1060:
1053:
1047:
1040:
1034:
1033:
1031:
1029:
1018:
1012:
1011:
1009:
1007:
991:
985:
984:
982:
980:
962:
956:
949:
943:
942:
940:
938:
929:. Archived from
916:
910:
909:
907:
905:
889:
883:
882:
880:
878:
862:
856:
847:
841:
840:
838:
836:
826:
820:
819:
817:
815:
809:
800:
789:
788:
786:
784:
769:
763:
762:
760:
758:
740:
593:New developments
500:(ALL), based in
433:
427:
217:, respectively.
157:
156:
148:Operating income
140:
139:
78:
76:
63:
61:
56:
31:
27:
1899:
1898:
1894:
1893:
1892:
1890:
1889:
1888:
1839:
1838:
1805:
1800:
1799:
1789:
1787:
1770:
1766:
1756:
1754:
1741:
1737:
1727:
1725:
1712:
1708:
1698:
1696:
1686:
1682:
1672:
1670:
1660:
1656:
1646:
1644:
1642:The EastAfrican
1634:
1630:
1620:
1618:
1608:
1604:
1592:
1588:
1578:
1576:
1563:
1559:
1549:
1547:
1543:The EastAfrican
1534:
1530:
1520:
1518:
1511:
1507:
1497:
1495:
1482:
1478:
1468:
1466:
1456:
1452:
1442:
1440:
1430:
1426:
1416:
1414:
1413:. 3 August 2011
1401:
1400:
1396:
1386:
1384:
1369:
1365:
1355:
1353:
1343:
1339:
1329:
1327:
1312:
1308:
1298:
1296:
1291:
1290:
1286:
1276:
1274:
1261:
1257:
1247:
1245:
1233:
1229:
1219:
1217:
1208:
1207:
1203:
1193:
1191:
1181:
1177:
1167:
1165:
1155:
1151:
1141:
1139:
1122:
1118:
1108:
1106:
1093:
1089:
1079:
1077:
1067:
1063:
1054:
1050:
1046:May 2010 page 5
1041:
1037:
1027:
1025:
1019:
1015:
1005:
1003:
992:
988:
978:
976:
972:The EastAfrican
963:
959:
950:
946:
936:
934:
917:
913:
903:
901:
890:
886:
876:
874:
863:
859:
848:
844:
834:
832:
828:
827:
823:
813:
811:
807:
801:
792:
782:
780:
779:on 22 June 2013
771:
770:
766:
756:
754:
741:
737:
732:
705:
693:
677:
595:
560:
518:
494:
389:
330:
314:Northern Region
308:to the city of
227:Lunatic Express
223:
165:
150:
128:Railway systems
117:
115:
111:
109:
105:
99:
74:
72:
59:
57:
54:
17:
12:
11:
5:
1897:
1887:
1886:
1881:
1876:
1871:
1866:
1861:
1856:
1851:
1837:
1836:
1831:
1826:
1821:
1816:
1811:
1804:
1803:External links
1801:
1798:
1797:
1764:
1735:
1706:
1680:
1654:
1628:
1602:
1586:
1557:
1528:
1505:
1476:
1450:
1424:
1394:
1363:
1351:Bloomberg News
1337:
1306:
1284:
1255:
1227:
1201:
1189:Bloomberg News
1175:
1149:
1116:
1087:
1061:
1048:
1035:
1013:
986:
957:
944:
926:The Australian
911:
884:
857:
842:
821:
790:
764:
734:
733:
731:
728:
727:
726:
721:
716:
711:
704:
701:
692:
689:
676:
673:
602:, a suburb of
594:
591:
576:Eastern Region
559:
556:
517:
514:
493:
490:
487:
486:
483:
480:
477:
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183:consortium
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1272:(Kampala)
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