New National Railways of Zimbabwe Wagons Pay dividends

As reported by Railways AfricaTM in October 2016, the National Railways of Zimbabwe (NRZ) has acquired 31 new high-sided wagons from China, with the view to boosting the rail operator’s freight capacity.

As a result, the NRZ has recently announced that the new rolling stock has led to significant gains in freight volumes carried by the state-owned operator, with approximately 1.07 million tonnes of freight moved between October 2016 and February this year, well ahead of figures during the equivalent period last year.

The increase in tonnage is due, in large part, to cement manufacturer PPC’s new production plant in Harare, which is currently producing approximately 700,000 tonnes of cement per annum. The company has contracted the NRZ to transport clinker from its Colleen Bawn base near Gwanda to the company’s site in Msasa, guaranteeing the rail operator a steady monthly income.

NRZ has, over the past few years, continued to report losses of up to $US200. However, management is confident that the capacity building programme being implemented will return the operator to profitability over the medium to long term.

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Source: Railways Africa

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