KRC may Raise Coupons for Rail Upgrade Project

KRC may Raise Coupons for Rail Upgrade Project
August 18, 2010 10:36 am
1.215

Kenya Railways (KRC) could issue bonds to raise funds for a railway system in the Kenyan capital of Nairobi.

The government has allocated KES1.9bn ($23.6m) in this year’s budget to finance the upgrades and has invited the private sector to join the project, according to standardmedia.co.ke.

The project is part of a masterplan to replace Kenya’s old commuter trains, which carry five million commuters annually.

The first phase of the project was allocated KES600m ($7.46m) for feasibility studies in the 2009-10 budget, and involved the rehabilitation of 160km of rail network within the city.

The project is expected to be completed by 2012.

Source : Standrdmedia.co.ke

Railwaynews.net 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.
COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No comments yet, be the first filling the form below.