RIFT VALLEY RAILWAYS UGANDA LIMITED (FMO-45940)

Countries
  • Uganda
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 30, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
RIFT VALLEY RAILWAYS UGANDA LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 13, 2018


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Project Description

WHO IS OUR CLIENT

Rift Valley Railway Investments ("RVR") is the holding company for the two companies that won the concessions to run the railway services of Kenya and Uganda. The concessions involved taking over the management of rail track, locomotives and rolling stock of Kenya Railway Corporation ("KRC") and Uganda Railway Corporation ("URC"). The rail network was built by the British around 1900 as Uganda Railway and consists of a main line running from Mombasa port to Nairobi, and one through western Kenya to Kampala in Uganda.

FUNDING OBJECTIVE

In order to deal with the environmental degradation of 12 working sites, RVR requested FMOa€™s and Proparcoa€™s support to build tangible human and technical capacity within selected RVR active workstations to undertake environmentally sound remediation of historically polluted sites.

WHY WE FUND THIS PROJECT

12 contaminated sites are remediated and clean after this project, which is shown in the following benefits that will be realized: 1. Water quality and soil characteristics at the 12 sites in scope comply with national standards, this includes mechanisms to monitor the quality in the long term; 2. Clean-up of all historically contaminated sites, thus preventing environmental degradation caused by contaminated and abandoned sites; 3. Clean up/remediation technologies developed and piloted at hazardous waste sites for both knowledge dissemination and project based coaching; 4. Guidelines and standards for remediation will be developed and supervisory capacity of technical staff in RVR to implement & monitor remediation plans will be built.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.