Rift Valley Railways Concession Agreement

Rift Valley Railways Concession Agreement

Counsel for the plaintiff argued that Rift Valley Railways (U) Ltd was insolvent at the time of termination of the concession agreement and was subject to a number of insolvency remedies and proceedings. On May 23, 2019, at the request of Hass Petroleum (U) Limited, the High Court appointed Nelson Nerima liquidator of Rift Valley Railways (U) Ltd. and, to date, the Judicial Administrator has received claims from creditors in the region of more than 15 billion shillings and more than $32 million, none of which have been paid. “It is agreed that the concession contract be terminated on January 23, 2006 and terminated today, July 31, 2017,” High Court Judge Grace Nzioka said in her ruling. In June 2017, the Ugandan government issued a 90-day notice to RVR, in which they communicated the concession of Uganda`s intention to end the concession. The expected termination date is September 4, 2017. The Uganda Railways Corporation should resume operations, as it did prior to the award of the concession. [37] In July 2017, the Kenyan government terminated its 25-year contract with the Rift Valley Railways Consortium to drive the one metre-long route to Uganda. The operation of the railway in Kenya has been returned to the Kenya Railways Corporation. The concession began on January 23, 2006 and was scheduled for 25 years.

[36] As I consider the remedies requested on behalf of the mourner, I will rely on the CBA between Kenya Railways Workers Union and Kenya Railways Corporation when the employees have signed concessions to Rift Valley Railways, the respondent who signed it on December 24, 2005. In paragraphs 7, 8 and 9, it provides – READ: Kenya, Uganda differ from the stage towards the end of the RVR concession There was no other collective agreement signed under the concession agreement, and the CBA, which applies to all workers, was the last one signed between the railway workers` union and the Kenya Railways Corporation. Counsel for the applicant submitted that East African Rail and Handling Logistics Limited was founded in Uganda on March 28, 2012 and that its primary business is to plan for efficient and efficient forward and backward circulation, as well as the storage of goods and services and related information between place or origin and delivery. , in order to meet customer requirements. In January 2018, the Ugandan government denounced the concession agreement with Rift Valley Railways (U) Ltd. After the termination of the concession agreement, the directors and executives of both companies left Uganda. RVR was originally run by the Sheltam Rail Corporation of Sheltam Trade Close Corporation (STCC) of South Africa, which had experience in managing other African railways. The consortium`s smaller partners were Kenya`s first fuels (15 per cent), Tanzania`s Mirambo Holdings (10 per cent) and Comazar (10 per cent) and the CDIO Institute for Africa Development Trust (4 per cent), both from South Africa. The consortium planned to invest in the rail system, modernize it, reduce inefficiencies, employ smaller workers and generate an annual concession fee of 11.1 per cent in each country. In addition, it would have paid $1 million a year for the passenger concession in Kenya and $500,000 a year to Uganda for the same reason.