Citadel Capital has Acquired Stake in RVV Company

Citadel Capital has Acquired Stake in RVV Company
February 25, 2010 5:54 pm

Egyptian private equity firm Citadel Capital has acquired a 17.5% stake in Rift Valley Railways (RVV), a company jointly operating the Kenyan and Ugandan railway network.

Citadel has bought a 49% stake in Sheltam Railways, which holds the largest stake in RVV at 35%.
RVV holds a 25-year concession to run the century-old 2,000km of tracks linking the Indian Ocean port of Mombasa in Kenya with the interiors of Kenya and Uganda, including the capital city of Kampla.
Citadel now plans to invest $150m in the railway over the next five years, to boost its business from an annual 1 million tonnes to 5 million tonnes, out of the total 16 million tonnes handled by Mombasa Port.
With rail capturing just 10% of the East African transport market, its improvement can halve Uganda-Kenya transport’s costs of $0.13 per tonne. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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