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*NRZ Slowly But Surely Coming Back To Life - Report* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ys The National Railways of Zimbabwe (NRZ)’s revival is ongoing as the parastatal seeks to finalise a deal with South Africa’s Transnet and a consortium of local investors, the Diaspora Infrastructure Development Group. This was revealed by the company’s general manager Lewis Mukwada who also said that in total, NRZ requires $400 million for recapitalisation. He said: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Out of that $400 million (recapitalisation deal), about $120 million or so is going towards the track infrastructure itself, a further $100 million or so is going towards signalling and communication, information communication technology and so on. > Then the balance will go towards new locomotives, new wagons and rehabilitation of the existing locomotives and wagons. So… we looked at our system and then identified the critical areas where we needed to invest. That’s how we came up with that budget of $400 million. > We have just been given another six months to pursue the discussions [with Transnet] further and as we talk, next week we are going to be engaging again with the consortium in further negotiations and further discussions to push the deal. *Related:* *NRZ Reintroduces Commuter Passenger Trains* *NRZ Making Huge Losses From Commuter Trains, Request Govt Subsidy* *NRZ To Open New Routes Across The Country* *Cowdray Park Residents Laud NRZ Commuter Train* More: Newsday _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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