15 December 2017
   
Chombo arrested for wearing ED cap
ED unamused as min Chikukwa booed
Singapore: Mugabe seen leaving hospital
ED to use congress to consolidate power
I have a list of looters, warns president
2018: Zanu PF says to rehabilitate G40’s
Mnangagwa: sanctions crippling Zimbabwe
Cop WhatsApps rogue soldiers memo, seized
MORE NEWS
Gen Moyo to facilitate diaspora investments
Health levy fund now at $18m, minister
MORE BUSINESS
Zimbabwe totes obsessed with Zodwa
Mogul Russell Simmons accused of rape
MORE SHOWBIZ
Eto, Mboma tribute to Cameroon legend
Wenger refuses to blame Alexis Sanchez
MORE SPORTS
Coup: why the China role theory is hollow
Zims duped! It’s about Zanu PF for ever
MORE OPINION
 
Nelson Chamisa on Washington trip
Interview: Gonda Hot Seat with Coltart
MORE COLUMNISTS
 
 

10 investors inspect NRZ assets, facilities

18/06/2017 00:00:00
by Bulawayo correspondent
 
 
RELATED STORIES

A GROUP of ten potential investors interested in the National Railways of Zimbabwe (NRZ)’s ambitious $400 million recapitalisation project, last week inspected some of the company’s assets dotted around the country.

NRZ Public Relations Manager, Nyasha Maravanyika, said the potential investors visited various installations in Bulawayo, Gweru, Sawmills and Dete in Matebeleland North to familiarise themselves with the firm’s operations.

Maravanyika said the visit started on June 6 and ended on June 9 at Dabuka in Gweru where the potential investors inspected the marshalling yards, the tracks as well as the electrified section.

“The visit started on June 6 when the investors were taken on a tour of the Bulawayo Mechanical Workshops, the Central Mechanical Workshops, Mpopoma Diesel Running Maintenance depots and Mpopoma Repairs Siding. NRZ technocrats were on hand to answer questions and quires from the investors,” said Maravanyika.

She said the delegation also had an opportunity to observe NRZ employees at work.

“They witnessed locomotives and wagons being repaired and refurbished in the workshops. They also took a special train on the north section up to Dete with a stop at Sawmill which offers a lot of potential to investors interested in proving equipment,” said Maravanyika.

According to Maravanyika, the investors also visited the company’s Central Maintenance Vehicles Workshop, the Bridge and Structural Workshops and the Materials Yard to see facilities and their capabilities.

In May this year, the struggling state owned company hosted a pre-bid investor’s conference which was meant to solicit bids from potential investors interested in pouring money into the parastatal.

NRZ recently went on the open market seeking investor funds of up to $400 million.

The bid has, however, mostly attracted investors from Asian countries mainly China and Japan.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker