Ghana from an African Reinassance country to a bankrupt nation

[jakoyo]

When Wembley stadium was constructed , a contractual obligation was placed on the British Football Association to ensure that a certain minimum number of top flight matches we played in Wembley per year for several years. This guaranteed enough regular income to help repay the loan used to build the stadium.

Same principle being applied to ensure SGR can generate enough revenue to repay the loan.

[jakoyo]

@ Moonki,

Obviously the fact that some london based top premiership club gave wembley stadium a miss was a big blow.

Wembley relies on FA tournament and championship league matches , American football etc which are not enough.

There are plans to ensure that most containers from ports are transported by rail. Watu wapende wasipende. And to impose punitive penalty on those who use the road.

[MOON Ki]

When Wembley stadium was constructed, a contractual obligation was placed on the British Football Association to ensure that a certain minimum number of top flight matches we played in Wembley per year for several years.  This guaranteed enough regular income to help repay the loan used to build the stadium.

Same principle being applied to ensure SGR can generate enough revenue to repay the loan.

That's an interesting concept.   In the case of the SGR, I take it that would mean ensuring certain volumes of cargo, at certain charges.    Who would do that?

Returning to Wembley Stadium: I take it you mean the FA, rather than the British Football Association, an organization that does not appear to have lasted very long.   The stadium also involved a public-private partnership, not just the sinking of public money only.   One significance of that was that when the government negotiated contractual obligations to "protect the public interest", it accepted that its interests would rank below those of the banks who were providing the larger chunk of the money.   I also believe that the obligation that the FA play certain games there is limited only to games involving the national team and for  a certain number of years.   

At any rate, I see little in the Wembley Stadium case to recommend it as an exemplary model for SGR loan repayments.

From Football Economy in 2012:

Wembley Stadium a financial albatross: ... Accounts for Wembley National Stadium, a wholly owned subsidiary of the FA, show that the huge cost of constructing the home of the national team continues to weigh heavily on its finances.   A significant fall in income or delay in large payments could force the company to break the terms of its bank loans

http://www.footballeconomy.com/content/wembley-stadium-financial-albatross

In 2015, yet another re-financing, consisting of a new loan of 300 million pounds:

http://www.theguardian.com/football/2015/oct/11/fa-refinances-wembley-stadium-debt-consortium-banks-reinvestment-football

So, I am surprised by the statement that

This guaranteed enough regular income to help repay the loan used to build the stadium.

[MOON Ki]

There are plans to ensure that most containers from ports are transported by rail. Watu wapende wasipende. And to impose punitive penalty on those who use the road.

That could be done, but it then raises another interesting issue: RVR claims that it is preparing for, and will be ready for, competition from the SGR.    Punitive penalties on road users will also make RVR more attractive, so it does not necessarily guarantee great days for the SGR.

[jakoyo]

Time will tell.

There are plans to ensure that most containers from ports are transported by rail. Watu wapende wasipende. And to impose punitive penalty on those who use the road.

That could be done, but it then raises another interesting issue: RVR claims that it is preparing for, and will be ready for, competition from the SGR.    Punitive penalties on road users will also make RVR more attractive, so it does not necessarily guarantee great days for the SGR.

[RV Pundit]

RVR concession will end soon (15yrs remaining) and Kenya gov will take over the rail, and upgrade the MGR to SGR.

That could be done, but it then raises another interesting issue: RVR claims that it is preparing for, and will be ready for, competition from the SGR.    Punitive penalties on road users will also make RVR more attractive, so it does not necessarily guarantee great days for the SGR.