NRZ recapitalisation project on the go
12 February 2018
By Rumbidzai Chingoveza and Lisa Mafohla
EQUIPMENT acquired from the tender won by Diaspora Infrastructure Development Group and Transnet (DIDGT) last year to recapitalise National Railways of Zimbabwe (NRZ) has finally arrived.
In a deal clinched in December last year, NRZ was set to receive 10 main line locomotives, three shunt locomotives, 120 wagons and 34 passenger coaches which in turn are supposed to generate US$2.3 million net revenue by the end of March.
The lease hire of the equipment totals US$8.1 million for a period of 12 months and lease charges will be paid under NRZ operating expenditure.
The hired equipment will move 180 000 tonnes in February and March this year and bring in US$2.32 million revenue and it will see the country escaping economic crisis, according Jorum Gumbo’s 100-day plan.
Chief Financial Officer of the DIDG Washington Mashanda confirmed the arrival of the equipment saying that the next batch is expected to arrive in the next two days.
“Yes indeed the first batch of locomotives, wagons and passenger are headed to Bulawayo as we speak where they will be deployed per operational requirements.
“Some have crossed into Zimbabwe headed to Bulawayo and others are expected to cross over the next two days,” said Mashanda.
“The sections of the rail network under cautions are being prioritized to improve safe operations and turnaround times.
“The network is operational as we speak but it has sections under caution these being areas needing vital works to be performed and thus impacting on operational efficiency of NRZ.
“Trains can now move but with reduced speeds on some sections.”