On the market of private railway operations in emerging economies, VECTURIS appears as one of the most experienced rail operators and has demonstrated its capacity to evolve and to adapt itself to a moving environment as well as to very different institutional or contractual schemes.
VECTURIS is committed to applying to its subsidiaries and activities all principles of good governance and transparency in its accountancy and procurement procedures.
Founded in 2006, VECTURIS was incorporated by Eric Peiffer and Patrick Claes, ensuring the continuity of Comazar Limited (Pty) initiated by them in 1995 in South Africa.
Together with the other Comazar partners, Transnet/Spoornet (South Africa) and Transurb Consult (subsidiary of the Belgian National Railways), the founding partners and their teams have been active in various countries such as Russia, Congo, Tanzania, Cameroon, Madagascar, Pakistan, Brazil, Ivory Coast, Burkina Faso and Algeria.
In all countries where rail activities were developed, strong relationships were established with local and international investment partners, as well as with commercial banks and multilateral or bilateral donor agencies. Significant experience was gained with the different forms of involvement of the private sector in the African transport industry.
The need to assist sub-Saharan African governments in reviving their railway network, a backbone of socio-economic development, has proved to be a promising but challenging endeavour. Although the modus operandi has evolved with time, the key pillar is a sound public/private partnership between the private investors and the conceding authorities.
VECTURIS' mission is to promote social and economic development, adding value by improving operation systems. The company implements a pro-active and transparent model of management while focusing on new technologies adapted to the environment and to its objectives.
Where many of the initial players from the mid-1990s have disappeared, we continue to accumulate valuable experience and to build a positive image based on strong governance and transparency. One of VECTURIS’ main management principles is to endeavour to always conciliate public interests and social or environmental issues with the necessity to make those entities profitable by improving productivity and efficiency.