Zimbabwe News and Internet Radio

‘NRZ deal to take longer to finalise’

By Lovemore Zigara

Transport and Infrastructural Development Minister, Dr Joram Gumbo says it might take up to 18 months to conclude the $400 million deal for the recapitalisation of National Railways of Zimbabwe.

National Railways of Zimbabwe (NRZ) trains
National Railways of Zimbabwe (NRZ) trains

A consortium of Zimbabweans in the diaspora partnered Transnet of South Africa as part of NRZ recapitalisation efforts but Dr Gumbo said there were issues still to be ironed out before the deal can be concluded.

“It takes about 18 months before work commences on the ground because the investors have to be cleared from their country and also meet statutory requirements.

“However, this is not to say nothing is happening on the ground and as we speak they (investors) are busy negotiating on the loan and how it will be serviced among other things,” said Dr Gumbo.

“There are many things that have to happen which must be fulfilled before people start working on the project and that is what is happening,” he said.

NRZ recapitalisation programme has been granted National Project Status and seeks to increase the national rail carrier traffic volumes and profitability.

The capacity of NRZ has been severely undermined by the obsolete and broken down infrastructure, resulting in service levels declining from handling 18 million tonnes per annum in 1998 to just two million tonnes now.

The national rail carrier has 168 locomotives, but only 64 are serviceable while 3 467 out of 7 255 wagons are in operation. At its peak NRZ used to employ about 20 000 workers.

The national railway company has also suffered considerably from the collapse of the local industry and economy in general, which has meant little or no bulk freight to transport within or outside of Zimbabwe.

Government is working on achieving an efficient and reliable transport system which facilitates production, trade and access to markets. In the absence of reliable and efficient rail system, the country now relies on expensive road transport.

Treasury has since prioritised implementation of transport infrastructure projects, embracing the road network, rail and air; focusing on completion of on-going projects. The Chronicle

  • Longer, or more like forever? As long as Zanu’s in charge zviro zvinoramba zvichifa hapana chinomuka.

  • According to Gumbo, J (2017) “it might take up to18 months to conclude the deal for the recapitalization of the National Railways of Zimbabwe”.
    From the above exposition,
    the writer can deduce that
    it’s better for men to keep
    quiet than to show their
    highest stupidity degrees
    through promising falsehoods
    to the mostly educated
    Zimbabwean majority as
    we head for elections.

  • 100yrs dzopera munhu achingotaura chinhu chimwe iiiiiii zvakangooma hazvo.oky Handel

  • Kkkk mainvestors varikunyimwa kkk bz vangangonyura

  • What is the point apart from money being stolen in the process

  • Nobody invest in a country that is running towards elections , investers dont do that, these are just campaign tricks .

  • This Gumbo guy is full of excuses

    • mugabefan

      More than that, this Gumbo guy is full of shit!

  • Kkkkkk this Minister, 18 months just to conclude a deal? Let the old retire and leave the young ones taking care of business.

  • Eish ! 18 months paitwa ma dinner ! Kkkk that’s too much ! Reduce that time pliz coz ndoshaya kuti munenge muchiitei /muchitaurei apa

  • Thieves we will catch u after elections

  • Eh

  • It means there was no deal. It was j’st a “MOU”. Apa vaimboshanda kuNRZ vanga vaakutorongedza mabag kuuya kubasa. I think he should have waited until they conclude the deal ozotaura. Izvi zvakangofanana nekuti Dangcote is coming to invest in Zim.

  • Why ?

  • tee cee

    ma investor haasikutruster this gvmnt 18 mnth zvekupenga izvo

  • 18 month’s discussing a deal…then no need to publicise it at it’s infancy..kukuvadza munhu neshungu

  • By that you will no longer be min of transport may be

  • Aaaah nhai vakomana

  • Campaigning tricks and fucken lies fuckoff

  • Shumbaimwe

    How far is the Beit Bridge-Masvingo-Harare-Kariba highway? Election lies.

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