Logistics company Spedag Kenya will spend Sh137.8 million ($1,346,074) to develop the Malaba Railway Yard into an intermodal cargo transfer facility, a first in the region.
Half of the total project funding, Sh68.9 million ($673,037), is a reimbursable contribution, coming from Logistics Innovation for Trade, managed by Trade Mark East Africa.
The 18 month project, expected to begin this February and be completed in June 2017, will improve storage, handling, and consolidating of cargo from rail to road and vice versa, to reduce costs of transport logistics for cargo. Read more. Source | The Star