According to Bulawayo24 reports, Chinese partners are interested in investing in NRZ but no deal has been clinched as they are awaiting government guarantees. Meanwhile, Zimbabwe’s railway system in particular has been going around scouting for potential partners and has some Chinese partners who are still on the horizon.
NRZ is in dire need of
recapitalization as most of its locomotives are now obsolete while
the railway system is riddled by potholes. Reports from Bulawayo24
say NRZ parastatal needs about us$ 2 billion for its short, mid and
long term recapitalization programme.Contrary to reports
that were awash in the media about NRZ engaging a Japanese partner,
the NRZ boss said the Japanese had only shown interest in
resuscitating the north-south corridor and not Zimbabwe’s railway
system in particular.
With all these plans
at work, we hope NRZ will regain its glory irrespective of its
previous setbacks.
That will be very wonderful for NRZ to receive funds because due to its state people now think twice about boarding trains as they are uncomfortable and slow as compared to the railway systems in other countries like South Africa
ReplyDeleteAt times i wonder if the Chinese are genuinely concerned about business investments and helping Zimbabwe? The Chinese are all over Zimbabwe helping here and there spending lots and lots of money...Is it genuine help or history has found a way of repeating itself?
ReplyDeletei agree with you Nonhlanhla, the chinesse are everywhere, i think this is giving power with one hand and taking it back with the other hand.
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