Private partnership vital for rail sector-ZRL Chief
PRIVATE Partnership is important in order to enhance strategic activities and grow business for the rail sector in Zambia, Zambia Railways Limited (ZRL) Board Chairperson Lubinda Linyama has observed.
Mr. Linyama said government intends to develop the eight main Greenfield railway spur that will connect the country to all regional trade Corridors with the help of private partnerships.
Speaking during the 2018 Africa Rail Conference in South Africa, Mr. Linyama said the economic growth and development of the sector was largely dependent on infrastructure and transportation which could be done through Foreign Direct Investment (FDI).
“Zambia is open to FDI to raise Finances for recapitalization of the railway sector, through Private Partnership, government intends to develop 8 main Greenfield railway spur that will connect the country to all regional trade corridors, “he said.
Mr Linyama said ZRL will consider the development of an urban railway train system to decongest Lusaka.
He noted that the conference is more beneficial to Zambia as it provides a platform to engage investors and showcase the investment opportunities that exist in the country.
And Zambia's High Commissioner to South Africa, Emmanuel Mwamba says the railway sector requires that transport corridors are jointly planned with other SADC countries that are developed.
This is contained in a statement released to the Daily Nation by first secretary for press at the Zambian High Commission in South Africa, Naomi Nyawali.