BULAWAYO, Monday, August 19, 1991 — The Victoria Falls railway bridge, that landmark celebration to man’s ingenuity, might be put on sale soon, practically. The bridge is one of two best known possessions of Rhodesia Railways Limited which Mr Bernard Leigh Gasden has been asked by Zimbabwe and Zambia to liquidate.
Victoria Falls Hotel, which is now leased by Delta Corporation and run as a Zimbabwe Sun Hotel, is the other best known of the company’s assets. Two other hotels, one in Hwange and the other in Livingstone, Zambia, are also on the list. They, however, have both been run down, according to Mr Gasden.
The building in Livingstone is not even run as a hotel any more, he said, in a telephone interview when he visited the place recently. The two countries, which are supposed to share the spoils form the liquidation of the Rhodesia Railway assets, have established another joint company, Ziza (Pvt) Ltd to take over and look after the assets that cannot be liquidated.
Experts say this company will most certainly take over ownership of the Victoria Falls railway bridge and the track. It will be modestly funded by Zambia Railways and National Railways of Zimbabwe in order to maintain the bridge.
Rhodesia Railways is struggling to recover more than $330 million which was banked with the scandal-ridden Bank of Credit and Commerce International in London and which has now been closed. With $31,96 million in various accounts with BCCI Rhodesia Railways is said to have been on the top 30 list of depositors with the bank.