Home Business Mozambique Railway company bails out NRZ

Mozambique Railway company bails out NRZ

Mozambique Railway company bails out NRZ

Mozambique Railway company bails out NRZ

The Mozambique Ports and Railway Company (CFM) through an investment of US$260 million has committed to assist the National Railways of Zimbabwe with four locomotives and 150 wagons.

CFM, as part of a US$200 million investment, has already started to replace tracks on the railway line connecting the port city of Beira to Machipanda, on the border with Zimbabwe.

In a media briefing in Bulawayo on Thursday, CFM president and board chairman Mr Miguel Matabel said the additional US$60 million will be used for equipment needed for the locomotives and wagons.

“We are to receive four locomotives from India to Beira for the Beira-Harare route. There are some wagons moving from South (Maputo- Chikwarakwara), we have brought 150 wagons to support the business of wheat and chrome of Zimbabwe. In terms of the equipment we are going to use for the locomotives and wagons will cost us about US$20-30 million.

“We are buying six locomotives and the wagons will cost more at around US$30 million, hence for this kind of investment we are doing we expect the return of business,” said Mr Matabel.

He said from the discussion they had, the aim was to find a way of doing business and find a strategy which they can use to make sure that both countries benefit their clients.

“We looked at what we have in terms of wagons and locomotives, and how can we instruct our officials to operate on operational sides. We hope that the resources we are pledging will help our fellows.

“We also discussed the other issues related to the concrete slippers. We have a factory in Beira and another in Maputo which can aid in the need of maintenance of our lines or tracks,” said Mr Matabel.

He said unlike the old tracks, which could bear up to 40 kilogrammes per metre, the new ones could take up to 45 kilogrammes, thus, boosting production and productivity. Mr Matabel said the strategic agreement seeks to address the number of trucks that were flooding and damaging roads, hence the collaboration between the two railways.

In terms of the Beira to Machipanda line, he said they were starting from Dondo to Machipanda doing the rehabilitation of that line and replacement of the slippers.

Mr Matabel said the Covid-19 pandemic had negatively impacted on the work, but they were targeting to finish by the end of next year.

NRZ board chairman Advocate Martin Dinha said Mozambique was the country’s strategic partner as there was need for access of the ports to reach out to markets for imports and exports.

He said they were looking at operational challenges that the management were facing in terms of movement of goods and how they will also be able to transport people post Covid-19 through to Beira and Maputo.

“They have committed more support to ensure that the gaps that we have as NRZ are resolved. It shows brotherliness and the ability to assist each other in need. As we improve the efficiencies of NRZ we are drawing on the efficiencies of our bigger brother to able to move on.”

To achieve a turnaround, at the NRZ Strategic Plan launch in March, the parastatal said it was in need of at least 40 locomotives, 300 wagons and 300 coaches. One locomotive is estimated to costs around US$3 million.

In other news,

Gokwe Boy (17) Steals Haulage Truck For A 100km ‘Joyride’

An unlicensed 17-year-old boy left the Victoria Falls community gobsmacked after reportedly breaking into a parked 22-tonne haulage truck during the night and drove away.

CROSS BORDER TRUCK DRIVERS BLACKLIST ZIM ROUTES
File Picture

Petros Nyenyiwe, who is originally from Gokwe, stole the truck on Saturday night and drove it to Kazungula border, close to 100km away and was intercepted by police on his way back to Victoria Falls, leading to his arrest.

A motorist who was driving along the same road on Sunday informed the owner…Learn More

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