Rift Valley Railways picks steam with Sh15 billion capital injection



A consortium of local and international lenders have signed loan agreements amounting to $164 million (Sh15 billion) to fund the operations of the Rift Valley Railways International (RVRI). The funds will be used to rehabilitate the Kenya-Uganda Railway into a reliable network to service the East African region.

The loan to the concessionaire include African Development Bank ($40 million), International Finance Corporation, IFC, ($22 million), Germany’s KfW Bankengruppe ($32 million), Dutch Development Bank, FMO ($20 million), and the Belgian Investment Company for Developing Countries, BIO, ($10 million), ICF Debt Pool LLP ($20 million) and Kenyan Equity Bank ($20 million).

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