Kenyan president makes railway decisions

[John Ashworth]

PRESIDENT KIBAKI CHAIRS SECURITY MEETING

The National Security Committee met on Wednesday at Harambee House under the Chairmanship of President Mwai Kibaki.

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President Kibaki also chaired a meeting to look into the current status of the Railway Sector.

The meeting that was also attended by the Prime Minister resolved to forward for consideration by the cabinet a re-negotiated concession agreement between Kenya and Uganda.

Among the highlights of the proposed agreement are changes to the Shareholder and leadership structure of the Kenya-Uganda Railway concession.

This is intended to fast-track the injection of new capital into the concession.

The meeting also resolved to forward for cabinet authorisation proposals for tendering of the design and construction of the New Standard-Gauge Railway line.


PPS

Posted: Wed, May 06, 2009
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