Kenya Transport and Logistics Network to boost exports
A A framework agreement that will create an arrangement for the anchoring and integration of Kenya’s ports, railways and pipeline services into the Kenya Transport and Logistics Network (KTLN) has been signed.
The network brings together the Kenya Ports Authority (KPA), the Kenya Railways Corporation (KRC) and the Kenya Pipeline Company Limited (KPC) under the coordination of the Industrial and Commercial Development Corporation (ICDC).
Kenya hopes the new framework will increase efficiency and lower the cost of doing business in the country.
“We expect that, through this new integrated and transparent approach to operational integration, the country will reap the benefits of the synergies created through increased efficiency, lower cost of doing business and, consequently, the competitiveness of our products and services, and generally higher returns on investment, âsaid Ukur Yatani, Secretary of the Treasury Cabinet.
The Agreement defines the scope of the collaboration, the main areas being politics, finance,
operational, transactional and decision-making collaboration. Each of these broad areas is further subdivided into detailed and more specific objectives for clarity and focus.
Some of the other key aspects of it include the financing of integrated operations, as well as upgrading and new capital investments. While recognizing that significant funds will be required to achieve the business vision, goals and benefits of the Agreement, the allocation of the parties’ financial resources will be aligned to achieve greater value for the common good and the achievement of the goals. network.
In the new arrangement, ICDC will act as the holding company for the three agencies and will be responsible for managing the state’s investments in port, rail and pipeline services.
This decision is part of the report of the Presidential Working Group on Parastatal Reforms which was adopted in 2013. One of the main objectives of the report was reforms of state-trading enterprises (state-owned enterprises) to make them work for the general good of the country and its people by supporting the economic program, which will transform the country into a newly industrialized middle-income country offering a high quality of life to all its citizens.
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