The cost of transporting goods across Kenya into Uganda could reduce significantly in the next five years following investment firm TransCentury’s plans to inject $300-million (Sh24- billion) into Rift Valley Railways.

The funds, to be disbursed in the next five years, will be spent on modernising the Kenya Uganda railway in which the private equity firm holds a principle interest of 34%.

TransCentury’s chief executive officer Gachao Kiuna said on Monday the funds “Transport infrastructure division is focused on the turn-around of Rift Valley Railways and recapitalisation of the railway line.”

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