HomeNewsNRZ, Sakunda sign fuel deal

NRZ, Sakunda sign fuel deal

-

The National Railways of Zimbabwe (NRZ) and Sakunda Logistics on Friday signed a Public Private Partnership agreement for fuel transportation using 50 fuel tankers.

Sakunda group chief executive officer Kuda Tagwirei said the partnership with NRZ would go a long way in boosting the operations of NRZ by facilitating efficient movement of fuel into the country.

“The partnership will also enhance and improve Sakunda’s distribution of fuel to many parts of the country. It will also greatly benefit players in the fuel sector,” said Tagwirei.

Tagwirei said through the partnership, Sakunda Logistics will avail $1 million to be used to repair and refurbish a total of 50 NRZ fuel tankcars (RTCs).

“This move will have a positive impact in the distribution of fuel mainly in the southern part of the country through Sango border post and will create employment opportunities for our nation,” said Tagwirei.

He said supply of fuel into the southern region through the rail system significantly reduced the price to the end user.

The rail system allows the selling of fuel at the same price country wide.

NRZ general manager, Mike Karakadzai said the major challenge crippling NRZ was recapitalisation.
Karakadzai said this was the same challenge faced by Zesa Holdings and other government parastatals in Zimbabwe, failure to access funds for recapitalisation.

“Those who were interested in injecting funds or participating on the same programme to move their goods using rail are welcome,” he said
He said NRZ have 290 tank wagons that can move fuel anywhere in the country.

Recent Posts

Stories you will enjoy

Recommended reading