DC Promises $1 Billion Investment In Zambia Railways
Lusaka ~ 29 Sept 2020
By ZR Reporter
IDC Chief Executive Officer Mateyo Kaluba said the money, once secured, will go towards the locomotives and development of railway tracks.
He was speaking during the inauguration of the New Zambia Railways Limited Board of Directors that will be chaired by Doctor Evans Chabala.
Mr Kaluba said the newly constituted board must put Zambia Railways back on track so that it can contribute to the growth of the economy.
And Dr. Chabala said the board will strive to make the company viable so that they can provide a competitive market in the transport sector.
Dr. Chabala said the long-term target of the Zambia Railways is to become a financial contributor to the IDC.
And Zambia Railways Chief Executive Officer Christopher Musonda said the appointment of the board will grow the railway company.