VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Ugandan Railway’s assets put up for sale

THE privatisation unit of the Ugandan government is to sell non-core assets of the Uganda Railways Corporation. And as a part of the reform of the railways sector, some of assets of the Uganda Railways Corporation were identified as non-core.

The Board, and the “Divestiture Reform and Implementation Committee” have approved the properties for divestiture. The properties for sale will include undeveloped plots of land, and commercial and residential buildings.

Bid documents can be purchased at a non-refundable fee of sh20000 from the corporation's former accounts office. The Kenya-Uganda Railways was leased to the Rift Valley Railways consortium last year to boost efficiency and cut the cost of doing business in East Africa.

 

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