Industrialization CS Peter Munya has said the government will revive East African Portland Cement Company (EAPCC) within the next three months.
Munya said Kenya Railways will take over the company’s 900-acre land in exchange of Sh5.2 billion.
He, however, said it is not a matter of EAPCC selling out the land but transferring its asset to Kenya Railways at a cost.
Munya said Kenya Railways will put up a container terminus (dry port) in the first phase of EAPCC’s bailout.
Munya who addressed the press at EAPCC on Thursday said laid-off workers’ gratuity will be given first priority once the land is transferred to Kenya Railways.
The company owes staff Sh1.4 billion which was awarded by courts over a CBA dispute. EAPCC requires Sh15 billion for resuscitation after reporting losses through mismanagement and political interference.
Munya said he is aware of court cases over EAPCC land ownership dispute, adding that he is confident they will be disposed of.
He warned political interference into the management of the parastatal will not be entertained.
"This is serious and should not be entertained. EAPCC plays a major role in the construction sector and hence the need to revive it," Munya said.
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