Another bailout deal beckons for NRZ…US$120 million on the table, says Mhona

THE Transport and Infrastructural Development ministry is working on a new plan to recapitalise the National Railways of Zimbabwe (NRZ), a Cabinet minister said on Monday, adding that up to US$120 million funding was under discussion with potential investors.

Transport minister Felix Mhona told NewsDay Business that investors had been identified, and a contract would be signed soon.

The deal would see the cargo and passenger carrier taking delivery of seven locomotives and 315 wagons, giving it fresh capacity to ferry domestic and foreign cargo.

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