Zimbabwe in Talks with China for $533 Million Revamp of State Railway Company

Zimbabwe is in talks with China Railway Group Ltd. to help modernize the state-owned National Railways of Zimbabwe.

“We believe that we could make use of their expertise and financial muscle to improve the NRZ,” Finance Minister Mthuli Ncube said in a weekend interview. “It needs an upgrade in the fixed stocks as well as rolling stocks and signaling.” The southern African nation has lagged behind the rail improvement of neighbours.

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