Uganda Railways assets up for sale
Jan 22, 2007
THE Privatisation Unit is to sell non-core assets of the Uganda Railways Corporation (URC).<br>“As part of reform of the railways sector, some assets of the Uganda Railways Corporation were identified as non-core.
By Peter Kaujju
THE Privatisation Unit is to sell non-core assets of the Uganda Railways Corporation (URC).
“As part of reform of the railways sector, some 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 divesture,†the director of the Privatisation Unit, Michael Opagi, said in a statement.
The properties for sale include: undeveloped plots of land and commercial and residential buildings.
Opagi said a guided inspection of the properties would be done on January 24 and 25.
Bid documents can be purchased at a non-refundable fee of sh20,000 from the corporation’s former accounts office.
The Kenya-Uganda railways was leased to Rift Valley Railways consortium last year to boost efficiency and cut the cost of doing business in East Africa.
THE Privatisation Unit is to sell non-core assets of the Uganda Railways Corporation (URC).
“As part of reform of the railways sector, some 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 divesture,†the director of the Privatisation Unit, Michael Opagi, said in a statement.
The properties for sale include: undeveloped plots of land and commercial and residential buildings.
Opagi said a guided inspection of the properties would be done on January 24 and 25.
Bid documents can be purchased at a non-refundable fee of sh20,000 from the corporation’s former accounts office.
The Kenya-Uganda railways was leased to Rift Valley Railways consortium last year to boost efficiency and cut the cost of doing business in East Africa.