Historic Zimbabwe rail revival to boost SADC growthFrom MARCUS MUSHONGA in Harare , ZimbabweHARARE, (CAJ News) – THE multimillion-dollar recapitalisation of the Zimbabwean railway programme after a historical transaction between a South African-Zimbabwean consortium and the local rail parastatal is poised to strengthen regional integration and trade. The US$400-million transaction for the National Railways of Zimbabwe (NRZ) will contribute to the realisation of the north-south corridor programme of the Southern African Development Community (SADC) bloc. DIDG has entered into a six-month lease agreement for the rolling stock. Zimbabwean President, Emmerson Mnangagwa, and members of his cabinet have witnessed the presence of Transnet’s rolling stock including seven locomotives, 151 wagons, five passenger coaches, a kitchen car and power car. The delivery of new and refurbished rolling stock will be finalised and announced in the near future as DIDG Consortium and Zimbabwe authorities conclude all the required governance processes and agreements.

Source: The North Africa Journal February 22, 2018 05:37 UTC