Hassan Joho's Company Lands SGR Cargo Transportation Deal Worth Billions
A company linked to Mombasa County Governor Ali Hassan Joho has landed a lucrative Standard Gauge Railway (SGR) deal that could see it rake in billions of shillings.
The Daily Nation reports that the company, which is allegedly owned by Joho, is among two firms that have signed a deal with Kenya Railway Corporation (KRC) for transportation of bulk cargo through SGR.
The publication says that Grain Bulk Handlers Limited (GBHL) and Autoport Freight Terminals Ltd (AFTL) have been granted huge discounts to ferry cargo from Mombasa to Nairobi through the new railway line.
Under the deal, the two firms will reportedly enjoy preferential rates to transport cargo over a period of 10 years at up to 80 percent discount.
The Daily Nation, however, reports that this discount is against the maximum volume discount of 10 percent allowed by KRC's tariff book.
This means that the two companies will ferry cargo at a special rate of Sh45, 000 per wagon, down from the normal fee of Sh214, 700.
Under the deal, AFTL has pledged to move 1.6 million tonnes (24,615 wagons) per year while GBHL promised to ferry 4.3 million tonnes (66,153 wagons).
AFTL is owned by Governor Joho's family while GBHL is linked to influential businessman Mohamed Jaffer, the Nation says.
KRC has also agreed to lease two facilities in Nairobi to the two companies for a period of 45 years. GBHL has been leased 60 acres while Autoport port will get 26 acres.
Comments
No surprise there. Handshake…
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No surprise there. Handshake is still shaking up things.
Ohh what a coincidence.. Y…
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Ohh what a coincidence.. Y just his company ??
Of course the best tenders…
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Of course the best tenders and deals go to the well connected politicians. We will never get a chance even if we can afford.
Eti "..... Sh45, 000 per…
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Eti "..... Sh45, 000 per wagon, down from the normal fee of Sh214, 700."???
This is about 80% discount! Wow!!!😞
That's just crazy deal…
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In reply to Eti "..... Sh45, 000 per… by Sober (not verified)
That's just crazy deal...then we expect SGR to make profit?
Nonsense - stop been a…
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In reply to That's just crazy deal… by Mbwana (not verified)
Nonsense - stop been a hypocrite - if it was your company that had landed the deal - would you say anything - tiga goma - most of us are just salivating wishing we had landed the deal even at 100% discount - kila mtu ni kukula kukula - the future is in deep shit - wacha niende kibarua
Hypocrite you are such a…
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In reply to Nonsense - stop been a… by hypocrite (not verified)
Hypocrite you are such a damn fool!
Do you think this things were done in a legit way? How stupid and gullible are you thinking his company won because in a legit way. We need people like you who worship and admire this Kenyan thugs who enriched themselves by stealing....wiped out of existence, including you!!!!!
How the heck are we supposed…
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How the heck are we supposed to pay China their KSH 300 billion if you give companies 80% discount?????!
80% discount before we pay…
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80% discount before we pay China? How does that make sense? Now we have to "borrow" money from the diaspora, IMF and World Bank to pay China!!!
Does anybody know which…
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Does anybody know which companies delivered bulk cargo using the old railway lines,that is if not the KRC itself.I ask this because since these companies have experience delivering bulk cargo,and thus proven,why not give them the contract?
Were tenders offered?My understanding of such business is that bids are accepted from potential companies to deliver cargo,and the lowest bid,without compromising quality gets the contract?
Maxilley, it's not that…
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In reply to Does anybody know which… by maxiley (not verified)
Maxilley, it's not that straight cut in Kenya. Corruption in the tender process is rampant. Sample this:-
After NYS2 many suppliers were stopped or stopped on their own after long delays in payment.. the kids at the institutions needed food, so I, among others, were issued with LPOs tukaendelea. In the process, tenders reqs were floated and I applied. Tenders zimetoka, sikupata..yet I was the current supplier
.. supplied for almost 6 months.. no payment even if we had been assured payment per LPO within 1-3 months...and Now am not QUALIFIED to get a tender. Does it make sense and I've been supplying without fail?
Corruption is engraved in the system...
Corruption at stakes.The SGR…
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Corruption at stakes.The SGR will never rise above its knees due to such legally protected illegalities and kenyans will keep paying unending debts passed onto also generations to come..poor me.
Why can't they say they were…
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Why can't they say they were allowed to use SGR for free. 80% discount in our stores is called clearance or giving away what the stores do not want.
A COOL SH.15. BN IN TEN…
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A COOL SH.15. BN IN TEN YEARS, IE, SH. 1.5 BILLION A YEAR NOT BAD.
Now the drugs can flood…
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Now the drugs can flood....freely
This is just a bunch of crap…
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This is just a bunch of crap,still making a profit from a white elephant project,..10 years/45 years, shutting out anyone else who might have the muscle, lying to us it's a genuine deal, we ain't stupid,truth is it won't last that long...we've got ports coming up along the east african coast that'll screw up such corruption.
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