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Expedite the revamping of the railways infrastructure including the signals among others targeting the main railway routes.

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Cancellation of the deal with Transnet JV to recapitalise the National Railways of Zimbabwe (NRZ)

BusinessReport

    

Oct. 17, 2019

Zimbabwe has cancelled a deal struck with South African logistics group Transnet and its partner to recapitalise state-owned National Railways of Zimbabwe (NRZ), citing a failure to meet timelines and funding issues, a government official said. The joint venture of Transnet and Diaspora Infrastructure Development Group (DIDG), a consortium of Zimbabwean investors living abroad, won the bid to recapitalise the financially struggling NRZ with $400 million in August 2017. Nick Mangwana, permanent secretary in the information ministry, said the consortium had missed several timelines to provide proof of funding.
 

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