Railway Systems of Zambia

Railway Systems of Zambia Limited (RSZ) is a private company incorporated and registered in Zambia which operates Zambia Railways. It is a subsidiary of NLPI Ltd, an investment holding company, which main investment is focus on infrastructure-related projects within the continent of Africa.

The shareholders of NLPI are Nedbank Ltd, Old Mutual and Sanlam, all major South African financial institutions, together with New Limpopo Bridge Projects Limited (NLP).

Zambia railways concession

The NLPI Consortium participated in a tender, administered by the World Bank, in respect of the Zambia Railways Concession, in order to ensure a "Through Traffic" pre-arrangement along the Corridor from Durban to Lusaka and beyond. The Consortium was declared the winner with the signing of the Freight Concession Agreement on 14 February 2003, by the Minister of Finance and National Planning of the Republic of Zambia, as well as representatives of the NLPI Consortium.

The Consortium made a provision of US$40 million for the rehabilitation of Zambia Railways. The World Bank funded an additional investment of approximately US$30 million to finance Zambia Railways staff retrenchment packages, locomotive rehabilitation and other related projects.

Zambia Railways, which comprises over 900 kilometres of mainline railways and + 300 kilometres of branch line railway, is one of the largest rail networks within the region

The Zambia Concession, which covers the entire network from the Sakania Border to Victoria Falls, including the Copper Belt and other branch lines, not only constitutes one of the largest ever acquisitions in Zambia's history, but is also unique, as it is Zambia's first railway concession.

The Concession should not be viewed in isolation but as part of a global effort by NLPI to alleviate railway, and other related transport, problems within the region.

The Government of the Republic of Zambia terminated the concession contract on 11 September 2012, but RSZ dispute the grounds for termination.[1]

gollark: I find digital systems waaay better for preserving things than physical media, unless there's some DRM stuff in play.
gollark: Very fancy clothes might come with fabricators in them to make small things you want from the pockets but which they don't actually contain.
gollark: The Kindle reader applications have a nice feature where you can select a word and it pulls the definition from the dictionary.
gollark: What is this ”project” of which you speak?
gollark: I just block all ads everywhere unless they follow some standards (no persistent tracking, static images only, clearly delineated ads, small out of the way ones), since it's basically the only thing I can do to influence advertisers.

See also

References
  1. "Zambian government revokes RSZ concession". International Railway Journal. Retrieved 24 October 2012.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.