Cabinet approves 30% stake in North-West Railway

HIGHER Education Minister Brian Mushimba.

MINISTER of Transport and Communication Brian Mushimba says Cabinet has approved the proposal for Government to acquire 30 percent shares in North-West Railway Company.

Mr Mushimba said in an interview that currently, technocrats in his ministry and North-West Railway Company are discussing the matter to finalise the agreement so that Government can proceed with the acquisition of the shares.
“We submitted a memorandum to Cabinet recently for approval, and after studying the proposal, Cabinet has approved the memorandum to acquire 30 percent shares in that project…

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