UK banks hold sufficient capital to cope with no-Brexit and Trump trade war, BoE says 

Hitachi commences sale of $5.6 billion chemical unit 

Cybersecurity firm McAfee’s IPO could raise at least $1 billion: Reports 

Hitec Vision, Oman’s Petrogras to acquire Total’s British North Sea oilfields for $635 million


Kenya launches Standard Gauge Railway’s Phase 2A for rural economy

Kenya Standard Gauge Railway

China Communication Construction Company built the extended railway project as part of the Standard Gauge Railway

Kenyan President Uhuru Kenyatta launched the Phase 2A of Kenya’s Standard Gauge Railway to develop the rural areas of the country with better transportation. 

The launch ceremony of Kenya Standard Gauge Railway project’s Phase 2A was attended by the president and other dignitaries, according to local media reports. China Communication Construction Company built the extended Kenya Standard Gauge Railway project, which started in October 2016. 

With the launch, passengers will be able to use trains from Ngong station to Rongai, Mai Mahiu and Suswa. In addition, there will be another train coming from a different direction back to Ngong.

The implementation of the Phase 2A is part of the proposed Mombasa-Nairobi-Malaba Kenya Standard Gauge Railway project. Kenyatta told the media that, “The completion of Nairobi to Suswa section of SGR is expected to revolutionise the development of this region through affordable transport. It will also stimulate tourism in the greater Rift Valley.”

The 2A project comprises a six kilometre super bridge along Nairobi National Park, tunnels and culverts. Its landmark features are five intermediate stations that will allow passenger transport, three tunnels, 29 bridges and 148 culverts. 

Some of the benefits of implementing the Phase 2A include faster transport for passengers and cargo to the hinterland, job creation and business growth in that region. In addition, it is also expected to attract investments in economic sectors such as tourism, agriculture and manufacturing. 

Philip Mainga, acting managing director of Kenya Railways Corporation said that the Phase 2A has followed international practices to ensure natural habitats are protected during the construction. 

Leave a Comment