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SGR officially dead. What next?
iris
#101 Posted : Monday, June 10, 2019 10:03:47 AM
Rank: Member


Joined: 9/11/2014
Posts: 217
Location: Nairobi
obiero wrote:
Siringi wrote:


Simple question really who are these mysterious local partners and how were they sourced and for what consideration

we were shafted on the Safaricom IPO by Mobitelea this is another Mobitelea in the offing

Sensationalism


The question then is why have they been secretive?
VituVingiSana
#102 Posted : Monday, June 10, 2019 10:18:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,903
Location: Nairobi
Conquestador wrote:
Is increasing the frequency of passenger train a better option? Have a train each direction every 2hrs. Make ticketing simple and straight forward.

Obtain faster engines to do Nrb-MSA in 3 hours
Can the line even handle trains running at 160 Km/h? In China, they have true high-speed trains going at 300+ km/h.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#103 Posted : Monday, June 10, 2019 10:20:26 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,903
Location: Nairobi
Gathige wrote:
Siringi wrote:
obiero wrote:
Ericsson wrote:

True there Obiero
Before The president launched it,the Chinese were not for the low fares GoK announced.
The economy class wasn't supposed to be there,the cheapest fare and class was the current first class which was to be economy class then business and first class just like we have for air travel.

KES 1,000 for the comfort on offer is bad business costing.. They should aim to reprice it at KES 2,000


Passenger Service was not and is not the core business of SGR. Cargo Is. But even Cargo the arithmetic is not making sense. The pricing vis-à-vis trucking is like heaven and earth .
The feasibility study must have been bullcrap



SGR like many public enterprises will never return a profit or ven pay back in our life' time. I doubt even the Chinese expect us to repay the loans comfortably but they keeep pumping funds as part of their global belts projects.

Our SGR is just like our our KQ, a source of national pride but a disgraced enterprise which turn losses years round.
"Source of National Pride"? Laughing out loudly Laughing out loudly Laughing out loudly Neither.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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