New Zimbabwe.com

NRZ increases cargo freight

By Business Reporter

Following the acquisition of Interim Solution Equipment from South Africa’s rail utility, Transnet   National Railways of Zimbabwe (NRZ) has moved 856 476 tonnes of cargo from April to June this year.

During the same period last year, the company moved 754 404 of tonnes.

As part of the NRZ’s $400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DIDG) /Transnet Consortium, NRZ is leasing equipment from Transnet as a stop gap measure to cover resource constraints while waiting for the finalisation of the recapitalisation agreement which will see the organisation receiving new equipment of its own.

In an interview with NewZimbabwe.com, NRZ Public Relations Manager, Nyasha Maravanyika said the organisation has been experiencing a steady increase in its cargo movement since the company started using the equipment in April this year.

The equipment arrived in February this year but the rail utility started using it in April following the completion of formalities.

“The organisation has been experiencing a steady increase in its cargo movement since the deployment of Interim Solution Equipment at the beginning of April 2018. In the three months from April to June that the Interim Solution Equipment has been in operation, the NRZ has moved 856 476 tonnes of cargo, an increase of 13, 5 percent from the same period last year when 754404 tonnes were moved,” said Maravanyika.

The NRZ Public Relations manager said during the first month of the interim solution equipment’s operation in April, freight volumes went up by 18, 4 percent to 215 063 tonnes from 181 585 tonnes carried in March.

“In May, the company moved 305 345 tonnes, an increase of 41, 9 percent from the previous month. In June, freight volumes rose by 10 percent to 336068 tonnes,” he said.

NRZ is leasing nine class 341 locomotives, four class 43 locomotives and 200 wagons as well as 34 passenger coaches.

The wagons have been seconded for Chrome exports from the Zimbabwe Iron and Mining Company (Zimasco) Kildonan in Mashonaland Central and Zimasco to Maputo.

NRZ has a design capacity to move over 18 million tonnes of freight a year but is currently moving just over 3 million tonnes and the recapitalisation programme is expected to see a further gradual and sustained increase in freight volumes.