Kenya Railways hunts for managing director

[John Ashworth]

Kenya Railways hunts for managing director

The new MD will be expected to oversee the implementation of a new standard gauge railway...

The rail will carry freight trains at a speed of up to 80km an hour, and passenger trains at a speed of up to 120km per hour...

The standard gauge railway, which the new MD will oversee, will be completed in five years.

It will cost $2.6 billion and the government has allocated Sh22 billion to kickstart the project.

The new MD will also oversee sale of the assets of the existing railway line to raise revenue.

The financing model for the project anticipates that once the standard gauge railway is completed, Kenya Railways will receive a salvage value of $41 million through disposal of the assets of the existing railway that include locomotive wagons, railway tracks and sleepers.