The Chron­i­cle

Chronicle (Zimbabwe) - - National News -

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.

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