Sp culations sur la privatisation du CFCO
Article Abstract:
CFCO, the Congo-Ocean Railroad, has signed two cooperation agreements with Rail Afrique International, which is headed by Pierre A m, the former managing director of Saga, a subsidiary of the Bollor group. These agreements involve a technical assistance contract to bring infrastructures up to standard and to finance an infrastructure, equipment, and rolling stock renovation program. Rail Afrique International is said to already have grated a CFA Fr 4bn credit line to CFCO. These agreements have given rise to many rumours. Some think that in view of the coming privatisation of the operator this is about a concession, although the government has issued a denial. Some think that the Bollor group is behind Rail Afrique International. Bollor has let it be known that it is not involved in this company, but certain sources repeat that Rail Afrique International is controlled by a Luxembourg company, which is a 25%-owned subsidiary of the Bollor group.
Comment:
Signs 2 cooperation agreements w/ CFCO involving technical assistance contract
Publication Name: Marches Tropicaux & Mediterraneens
Subject: Business, international
ISSN: 0025-2859
Year: 1998
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TRANSPORTS: normes besoins de r habilitation pour les chemins de fer ougandais
Article Abstract:
According to the management of Uganda Railways Corporation, URC, the entire Ugandan railroad system is in the red. The government granted US$ 30mn in subsidies in 1997, in order to keep it operating. According to the Ministry of Finances, it will take US$ 45mn to overhaul the railroad system. The URC, which is one of the companies to be privatised, stopped the connection between Kambala and Kasese at the end of August 1998. The management of the URC says that this line, which has been operating since 1956, is 333 kilometres long, and must be repaired urgently because the defective state of the rails causes many derailings. The government has granted a US$ 1mn subsidy for the most urgent repairs, but the URC projcts for this line also depend on the situation in the neighbouring Democratic Republic of Congo, which is in the grip of a rebellion.
Comment:
Management unveils that entire Ugandan railroad system is in the red
Publication Name: Marches Tropicaux & Mediterraneens
Subject: Business, international
ISSN: 0025-2859
Year: 1998
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La r sistance du fer
Article Abstract:
After the holding back its conflict with its employees and the storms which paralysed operations in 1997, the management of URC, the Ugandan railroad company is now tackling recovering and the future of the company oriented toward goods transport. The passenger service has been stopped because it was not profitable. The company's most profitable activity is the ferry line on Lake Victoria, which has three ships which transfer railroad convoys from one rail line to the other. URC is also counting heavily on its rolling stock maintenance operations for which it has signed a joint venture with a German company.
Comment:
Tackles issues of recovery after experiencing labor conflict & storms which paralyzed operations in 1997
Publication Name: Le nouvel Economiste
Subject: Business, international
ISSN: 0395-6458
Year: 1998
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