22 September 2017
   
Tsvangirai to rest for a while, says his aide
Late VP Joseph Msika’s widow dies at 89
Mugabe blasts 'Giant Gold Goliath' Trump
Poll dates row: Judge dismisses Tsvangirai
Voter registration deliberately slow:MDC
Mugabe computers obsolete before use
Anger as MPs jump registration queue
Mangudya says never said Bond to end crisis
MORE NEWS
Sanganayi/Hlanganani Expo grows by 44 pct
Court okays NSSA deal to bailout CSC
MORE BUSINESS
Kwese TV partners Orange Botswana
Inaugural Zim Jazz festival on Saturday
MORE SHOWBIZ
Dembare on top after trashing Chapungu
Caps United dismiss hosts Hwange 1-0
MORE SPORTS
Currency crisis and the art of deception
Unpacking the Zimbabwean mess
MORE OPINION
 
G40 Crew now Zim’s Gang of Four?
Mandela vs Mugabe: A legacy of ashes
MORE COLUMNISTS
 
 

NRZ has 60 functional locomotives, unpaid salary bill at $90mln

16/07/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES
$400mln deal puts NRZ back on track
PPC Cement business gives NRZ a lifeline

HARARE: Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes its workers $90 million in unpaid salaries, according to a Parliamentary Portfolio Committee report.

NRZ has a fleet of 166 locomotives.

“These average between 33 and 50 years old whereas a locomotive has a useful lifespan of at most 25 years,” said the Committee on Transport and Infrastructural Development in its report on the turnaround strategy for the NRZ presented to Parliament recently.

“Out of a total of 7 153 wagons, 3 641 have been decommissioned for various defects leaving only 3 512 in service; out of a fleet of 283 passenger coaches, only 108 are in use and these are deplorable state.”

The committee urged government to take over the NRZ workers debt.

“Employees are owed over $90 million in outstanding salaries while debts have ballooned to a staggering $176 million.

“Government must take over, or, at the very least, guarantee the debt owed to employees if NRZ is to attract a serious private investors. This should be done by September 30, 2017.”

(NRZ) is a key player in terms of commercial and industrial bulk goods transportation in the country.

But its infrastructure has deteriorated in the last two decades, a situation made worse by a slump in economic activity that translated into low volumes for the railway transporter.

At its peak, NRZ moved 18 million tonnes of freight annually. Last year, the company moved less than three million tonnes of freight and has a target of 3,7 million tonnes in 2017.

Early this month, six private investors: SMH Rail Malaysia, South Africa’s Transnet,  China Civil Engineering and Construction, accounting firm Crowe Horwath and SinoHydro submitted bid documents for a $400 million tender to recapitalize the parastatal.



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