Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Qalaa's Rift Valley Celebrates First New Locomotives in East Africa
Published in Amwal Al Ghad on 22 - 09 - 2014

Rift Valley Railways, the national rail operator of Kenya and Uganda and a unit of Egypt's Qalaa Holdings in the East African transportation and logistics sector, celebrated the arrival of three new locomotives manufactured in the United States.
The deliveries, the latest in US$ 287 million (KES 26 billion), five-year turnaround program for RVR, are part of a program that will see the rail operator add 20 new US locomotives and six rehabilitated engines to its fleet this year.
"Qalaa Holdings and its partners in Africa Railways have so far invested more in improving RVR in the last 32 months than had been invested in the previous 30 years combined. Alongside our track record in the past two-and-a-half years, the US$ 25.3 million (KES 2.3billion) acquisition of 20 new locomotives from the United States is proof positive of our commitment to investing in RVR — of doing everything necessary to ensure it succeeds," said Karim Sadek, Qalaa Holdings' Managing Director for Transportation, at a ceremony held in Changamwe, Mombasa.
A senior Kenyan government official attending the event noted that RVR had been found wanting in the first three-and-a-half years of its concession before the entry of Africa Railways as lead shareholder. (Africa Railways is a vehicle for investment in the African rail sector controlled by Qalaa Holdings and leading international limited partners, including top development finance institutions).
"The Government of Kenya is committed to supporting RVR's investment and growth goals and to provide an enabling environment that will allow railway operations in Kenya and the region to thrive," said Eng. Michael Kamau, Cabinet Secretary for Transport and Infrastructure. "Taking cognizance of the investment made and the work in progress by RVR, there are indications that this public-private partnership is turning the corner — and there are encouraging signs of bright days ahead in the railway sector which will positively impact many other sectors of the economy and society at large."
News of the locomotives comes just weeks after Qalaa Holdings and its partners in Africa Railways recruited former Kenya Airways CEO Dr. Titus Naikuni as the new Chairman of the Board of Rift Valley Railways. Naikuni brings extensive operational, business leadership and policy formulation experience to the rail operator.


Clic here to read the story from its source.