Zimbabwe is in talks with China Railway Group to modernize its state-owned National Railways of Zimbabwe, with an estimated cost of $533 million. The planned revamp aims to upgrade the railroad’s infrastructure, including its fixed and rolling stocks, as well as its signaling systems.
Zimbabwe’s Finance Minister, Mthuli Ncube, expressed his optimism about the potential partnership, stating that China Railway Group’s expertise and financial muscle would be invaluable in improving the National Railways of Zimbabwe. He noted that the country has lagged behind its neighbors, such as Mozambique and Zambia, in terms of rail improvements, and is eager to catch up.
A memorandum of understanding has been signed between the National Railways of Zimbabwe and China Railway Group, paving the way for project studies to commence. A feasibility report is expected to be completed by the end of June, with an announcement about the deal anticipated during the upcoming Forum for China and Africa in August or September.
China Railway Group has a significant presence in the region, having constructed the 1,860-kilometer rail line connecting Zambia’s copper heartland to Dar es Salaam in Tanzania, as well as the Addis Ababa-Djibouti Railway in Ethiopia.
Despite a decline in freight volumes, the National Railways of Zimbabwe remains a vital transportation artery for the country’s mineral exports, including lithium, coal, chrome, and granite, with most exports destined for Asia, particularly China. The planned upgrade is expected to enhance the railroad’s efficiency and capacity, positioning it for future growth and development.
<p>The post Zimbabwe and China Railway Group in Talks for $533m Rail Revamp first appeared on Dandaro Online.</p>
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