TANZANIA WARNS INDIAN RAILWAY INVESTOR OVER POOR OPERATIONS

Date: Tue, 17 Feb 2009 06:55:53 -0800 [08:55:53 AM CST]
From: Leo Odera Omolo
Subject: TANZANIA WARNS INDIAN RAILWAY INVESTOR OVER POOR OPERATIONS

Business News By Leo Odera Omolo

Tanzania might have review the 250 year lease agreement granted to Indian railway operator Rites due to what a government source in Dar salaam described as unsatisfactory operations.

Rites is currently running and managing Tanzania Railways {TRL}

President Jakaya MrishoKikwete was recently quoted as saying than the firm has been seeking credit from international financiers without involving the government which would have to pa back the loans from tax payers money
.
The head of state said rites was also ferrying locomotives and wagons to india for repairs instead of using the railway workshop at Morogoro and Tabera. ‘ The coats to the government in transporting the wagon to India is immense he added.

‘The firm has been trying to solicit loans of undisclosed amount from lender abroad behind the back of the government yet the government will have to pay back the loan said the president.

Tanzania government is the firms majority shareholder owing 49 per cent of equity shares rites hold 51 per cent.
.
The firm was also told not to remove the Kahe -Taveta rail section that links Kenya and Tanzania. Doing so would lead to revocation of the lease agreement it was told.

TRL acting managing director H.L Chaudhry said TRL, wanted to use the Kahe Taveta as an alternative bypass to return home the 40 wagons currently stranded in Uganda after ferry services at the port of collapsed last year
.
The MD said the firm was about to reach a deal with Rift Valley Railway(RVR) to move the missing wagons through the Taveta -Kahe section true found out that the track was in bad contention.

Uganda bound transit goods that pass through Dar ES Salaam port are normally carried by train to Mwanaza port where they are transferred to rail mounted xxx for their last destination to the country.

TRL says that the International Financial corporation have mocked it from accessing a USD 30 million loan facility
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Meanwhile news emerging from the Ugandan capital , Kampala says Kenya and Uganda have appointed an Inter-ministerial committee to work on a fall back position regarding the activities and operations of the Rift Valley Railways {RVP}
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This council see the two countries terminating the 25 year consortium agreement with RVR that was signed in 2005.

Ugandan Minister for work films Nyabagambi was recently quoted in the local media as saying that the governmental has also issued notices of intention to terminate the agreement with RVR. We told them to prepare their exit
.
A senior Uganda official disclosed another technical committee made up if technology from the two East African states will back up inter-ministerial committee. Management of the regional railway line expected to return for the national bodies – Kenya Railway corporation and Uganda Railway Corporation.

Operations of railway line won’t be interrupted. “We have prepared for eventualities. We are aware that that this railway that there could be severe implications of the termination but we are asking everybody to understand.” Minister Byabagambi said.

Kenya has also notified the beleaguered railway company to start packing its bags partner of he Rift Valley Railway consortium are TransCentuary, Prime Fuels and Mirambo Holdings who are said to be very much worried
The Lead investor in the venture, Roy Puffet might set a soft landing while they are left holding the can should Kenya and Uganda terminate the consortium 25 year concession to run the two countries rail network.

The small print of the RVR concession agreement says Sheltam stands to walk away with a USD10 million payment should the concession be prematurely cancelled for any reason during the 25 year contract period
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Sources have revealed that this sum of the money has already been deposited into an escrow accounts.

Mr Puffet need only to walk into the path with the termination letter to own the money. The biggest loser would be Mirambo Holdings Prime Fuels and other small shareholders who are not beneficiaries of the charge.

Ends

leooderaomolo@yahoo.com

– – –
Date: Tue, 17 Feb 2009 06:55:53 -0800 [08:55:53 AM CST]
From: Leo Odera Omolo
Subject: TANZANIA WARNS INDIAN RAILWAY INVESTOR OVER POOR OPERATIONS

3 thoughts on “TANZANIA WARNS INDIAN RAILWAY INVESTOR OVER POOR OPERATIONS

  1. ALFRED MLAKI

    DearFellow Tanzainian.

    In first place i hate Indian! not because of the coulor but because of their system of administrations.

    i being working with these hell friends for more that 8years before i join degree in UK.

    These guys have very bad administration,treat others like animals, they ever not think of humanity since they find a space that they hold those sharps places.

    All of you will agree with me that is very difficult to create a relation with Indian from India,very difficult! its like rop to pass through to hole of the niddle!

    They belives in 1567stone Gods those kept to the front of their table! yes they are Ignorant! using the traditional method of administrations which is unaplicable these days.

    However we Tanzanian are grown up enough to take the administration of our own properties and i do believe we can use a method of Morden Management and can perfome good.

    TUNAWEZA BAANA !i just wondering if Mheshimiwa Rahisi can just find a group of economist to prepare a project research concern this property and give it to the Young group which come from the university ….. just like 50 student in diferent program…….like

    Hr Finance Manager, consultant, Engineers,andot her who can fit to the post and help them to start the motion.

    In first place Vijana wangepata Kazi.!! yes we have to call spade a spade bana dont call it a big spoon ati because it look like a spoon.

    Mr Presdent !!!!! open your eyes on this! Tunaibiwa kaka!

    I belive vijana watapata ajira, we have numbers of graduate hanging around the streets with no job!what is this ! while useless indians who have fake diploma just want to play with our properties …..INANIUMA!!!!!!

    My professor told me that… i recal ..My son tomorrow will never coming today so dont ever wait it anymore! when i asked him why he said that…. he add another word…… TIME IS A TIRELESS TEACHER.

    This tells me that we cannot wait tomorrow for this foolish indian to go!!!! let them out today!!!!! since they fail on this no room of conversations.

    Mimi pia ni kijana japo sifanyi kazi huko ila nimesoma uchumi na naamini tunaweza kujaliana na wanafunzi wengine mada hii. jamani hivi kweli vijana wetu vyuoni hawezi kuwezesha wakapewa huu mradi na wakaajiri watu na kusimamaia nakurudisha heshima ya watanzania.

    VIJANA TUSIKUBALI!!!! nothing is difficult to the brain which decide to do so!

    natamani tupewe hii nafasi hata kama simimi basi wateuliuliwe vijana katika fani tofauti wawezeshe na wapewe huu mradi wausimamie kama wakwao kisha wailipe serikari deni kwa instalments ikibidi jukumu liwe chini yavijana wa CCM basi no matter chama tunachotaka ni maendeleo kwa wenzangu namimi wenye mtazamo tofauti katika siasa.

    Siasa ni matokeo ya mifumo ya uchumi na mabadiliko na mifumo ya maisha ya binadamu na hupata nafasi pale itikadiza pande mbili zinapotofautiana…..

    Naamini hawa wahindi wameshindwa ningeomba wapishenafasiya vijana wetu na wao wajaribu.

    NAWEPENDA VIJANA WA TANZANIA NAWEPENDA WATANZANIA WENZANGU MUNGU IBARIKI TANZANIA MUNGU WASAIDIE VIJANA WA TANZANIA, MUNGU WAOKOE WATANZANIA NA UGONJWA WAUKIMWI MUNGU UTUTOLEE UTAWALA HUU WA KIHINDI AMEN

  2. alfred Mlaki

    hi Vijanas!

    how is everything! hivi mnajua kama kila watu 10 wawili wameathirika!
    please watch out the dog is the door! dont click the button!!

    have you put the idear concering Railyway and the indian Adminstrations???

    wake up!!!! Tanzania!!!

  3. alfred Mlaki

    MR KNOWLEDGE ????

    I head a lot about you Mr Knowledge!
    For the time to hear about you was at the college!
    i remember it was at the University of Cambridge!
    But tell me today if you are the source of Skills and attitude!

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