NRZ sets aside $30m for capital projects

THE National Railways of Zimbabwe (NRZ) has set aside a $30 million capital budget for 2018, as the ailing parastatal seeks to turnaround its fortunes, while awaiting the $400 million recapitalisation deal to sail through, an official has said.
BY MTHANDAZO NYONI

NRZ general manager, Lewis Mukwada, told NewsDay in an interview on the sidelines of the company’s tour last week by Transport and Infrastructural Development minister, Joram Gumbo that their capital budget for 2018 was $30 million.

“This year our capital budget is $30 million and it is outside the $400 million recapitalisation deal.

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