Rift Valley Railways (RVR) wants its concession agreement amended to enable it to welcome new shareholders. 

The operator that has a 25-year contract to run the Kenya-Uganda railway is expected to present its proposals to Kenyan and Ugandan government officials on Friday. A number of investors, including UK based private equity firm Helios, are reportedly assessing the viability of RVR with a view to buying in.

RVR has not been able to take in new investors on board despite it needing new money to revamp the operation because such a push requires approval by the two governments.

“We have been talking to Helios and other investors because financing business will be done through a mixture of debt and equity,” said Brown Ondego, the RVR chairman.