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Chinese railway firm refutes claim about national shareholders | Coastweek

MOMBASA (Xinhua) -- Mombasa-Nairobi Standard Gauge Railway passenger train is seen while on a test run crossing the new Mazeras Railway Bridge. During the implementation of phase one of the SGR project, over 25,000 local employees secured jobs as technicians and supervisors. Chinese engineers have also trained their Kenyan counterparts on railways construction and hi-tech maintenance. XINHUA PHOTO - CHEN CHENG

Chinese Railway firm refutes claim about national shareholders

NAIROBI (Xinhua) -- Africa Star Railways Operations Company, which runs the standard gauge railway (SGR) in Kenya, on Wednesday refuted a Kenyan newspaper report that it has Kenyan shareholders.

The Chinese firm said in a statement that it is fully owned by the China Road and Bridge Corporation and is duly registered in Kenya specifically for SGR operation and maintenance.

"Africa Star has no local shareholders or subsidiaries," said Dai Yunjie, deputy manager director of Africa Star.

"However, according to the operation arrangement, the company is to employ local employees and provide training so that by the end of the contract, the SGR operation would have been handed over to Kenyans," said Dai.

The official added that the company would like to assure all those concerned that SGR is operating professionally and would continue doing so in the coming years.

A recent report by a Sunday newspaper alleged that Kenya has signed a secret agreement allowing a mystery company with unknown local shareholders to run the standard gauge railway.

             

 

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