The money was raised through leading global and East African financiers to fund its five-year turnaround programme.
The debt facility was part of the total
It also includes
According to a press state from the regional rail operator, total capex spending this year will exceed
Pundits say that the current meter-gauge railway lines being used in
RVR thus plans to use the money to increase its haulage capacity by rehabilitating the rail infrastructure from Mombasa to
The company's management claims that RVR is on track to meet the railway line maintenance standards and has acquired modern track maintenance technology that will automate and speed up the process.
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