Kenya: RVR Lenders Stare at U.S.$164 Million in Losses

Lenders could be some of the major losers in the termination of the Rift Valley Railways concession as a joint takeover committee formed to oversee the hand back of operations and conceded assets to Kenya Railways begins its work.

Kenya Railways has said it was not party to financing agreements signed between RVR and local and international lenders, meaning the government has no intentions of settling RVR's debts amounting to $164 million.

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