Progressive Railroading
TRENDING





RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Rail Industry Trends

1/6/2004



Rail News: Rail Industry Trends

Zambia awards freight-, passenger-rail service concessions to consortium



Last month, the government of Zambia awarded a 20-year freight-rail service concession to Railway Systems of Zambia Ltd. (RSZ), a New Limpopo Bridge Projects Investments Ltd.-led consortium that includes Spoornet division Transnet as a major shareholder.

For $253 million over 20 years, RSZ receives exclusive rights to provide freight service on the former Zambia Railways Ltd. network. Zambia also granted the consortium a seven-year concession to provide passenger-rail service between Livingstone and Kitwe.

RSZ plans to spend $40 million during the next five years to improve and upgrade the railroad's infrastructure and rolling stock.

CPCS Transcom Ltd. served as a transaction advisor, assisting the Zambia Privatization Agency with the concession, which is part of the Zambia Railways Restructuring Project.


Contact Progressive Railroading editorial staff.

More News from 1/6/2004