Sunday, July 17, 2011

AFDB funds Rift Valley Railways

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By Patrick Kagenda

The board of directors of the African Development Bank (AfDB) has approved a $ 40-million loan to finance the Rift Valley Railways (RVR) the operators of railways services on the 100 year old Mombasa Uganda railway line.

According to the bank website, the five-year $ 246 million capital investment program involves two concessions over a rail network running from Mombasa in Kenya to Kampala in Uganda.

The region that now falls under the east African common market with

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