Business

Zambia Railways needs $1.2bn

TRYNESS TEMBO, Lusaka
Zambia Railways Limited (ZRL) needs about US$1.2 billion to completely rehabilitate its infrastructure to ensure full operational capacity.

In 2012, Government released US$120 million from the US$750 million Eurobond for rehabilitation of rail tracks and infrastructure, signalling and telecommunications system, and procuring rolling stock.

ZRL chief executive officer Christopher Musonda said the funds will be used to rehabilitate the track from Chililabombwe to Mulobezi to improve the speed of the train.
Mr Musonda said that railway is a backbone of the country’s economy which can foster development and make doing READ MORE

 



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