Progressive Railroading

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



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.





RAIL EMPLOYMENT



Rail News Home Rail Industry Trends

1/6/2004



Rail News: Rail Industry Trends

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


advertisement


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