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Thursday, 6 April 2017

Kenya terminates 25-year concession for Qalaa to operate RVR

The Kenyan government terminated Qalaa Holdings-owned Rift Valley Railways’ 25-year concession last Thursday, according to Kenya’s Business Daily. The validity of the termination notice was the subject of the ongoing suit before court, Qalaa reportedly said in a statement on Wednesday. “Should a valid termination notice be issued, RVR shall have six months to cure any defaults found to have occurred in the concession,” the firm is reported to have said, according to Kenya’s the Standard.

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