Bloomberg News

Zimbabwe Railways Needs $400 Million to Upgrade, Herald Reports

March 27, 2012

Zimbabwe’s state-owned railways company needs as much as $400 million to fix and upgrade its infrastructure in the short to medium term, the Herald reported, citing spokesman Fanuel Masikati.

National Railways of Zimbabwe needs about $2 billion to “modernize” its operations in the long term, the Harare-based newspaper cited Masikati as saying on its website.

The rail company will move about 6 million metric tons of goods this year, it said.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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