New investor shows interest in NRZ

by | Jun 9, 2021 | Business, International, Local News | 0 comments

Brian Rungano Temba

If you grew up in the 1990s and the early 2000s when the passenger trains used to run, you will be happy to know that the National Railway of Zimbabwe (NRZ) is getting ready to return to business.

The good news comes on the back of successful engagement and re-engagement efforts by government through the Ministry of Foreign Affairs and International Trade and positive investment policy adjustments by the Ministry of Finance and Economic Development that have tickled Foreign Investor interest from as far as China, Indonesia, Russia and Turkey.

President Emmerson Mnangagwa first mentioned the return of the goods and passenger trains to the tracks on May 5, 2021 in an address after commissioning the completed phase of the US$21 million Japan Aid project for the improvement of the Makuti-Chirundu North-South Corridor.

Recently NRZ acquired US$ 1. 5 million worth of vehicles that were meant to facilitate the already intensified drive towards operationalizing the sleeping giant.

During the commissioning of the 12 eight tonne lorries, 17 motorcycles, 17 single cab pickup trucks, 17 hatch backs and four minibuses on June 4, 2021 that were bought by the organization, the hosting Minister of State for Bulawayo Provincial Affairs and Devolution, Honourable Judith Ncube said,
“Three months ago, in March we all mapped the roadmap on reviving this organisation in different progressive phases and it is encouraging and gives hope to see Government’s efforts towards reviving the NRZ.”

National Railways of Zimbabwe (NRZ) board chairman Advocate Martin Dinha has today left the country for Turkey to engage investors that are keen to help revive the company.
The investor that the NRZ boss in inbounds to meet with in Turkey has a clean record with projects running in Tanzania and resuscitating rail lines in neighbouring Zambia.

“We are engaging with the railway construction company for rehabilitation of our internal entire network, that is the 2 700km network and a new project that goes northwards through the North-South corridor,” said Advocate Dinha.