US$615 million for NRZ recapitalisation

THE National Railways of Zimbabwe (NRZ) will get a US$615 million boost to revamp the country’s railway network, a Cabinet minister has said.

Of the amount, US$500 million will come from China International Group and US$115 million from Afreximbank, Transport and Infrastructural Development minister Felix Mhona said.

He revealed the development while responding to questions in the Senate recently, adding that the funds would be used to revamp the country’s 2 700-kilometre railway network.

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