Govt removes duty on locomotive spares in a bid to revive NRZ

A Government Gazette published last Friday (May 12) states that Finance Ministern Patrick Chinamasa in terms of Section 235 of the Customs and Excise Act has removed engine spares and components for the National Railways of Zimbabwe (NRZ). The rebate of duty is valid from 1 January to December 31 2017.

This comes as Government recently removed duty for a craft spares in a move set to benefit Air Zimbabwe. NRZ has a debt of $176 million and owes its workers $99 million. The parastatal has 60 operational locomotives out of 166. The locomotives are aged between 33 and 50 years against a lifespan of 25 years. Out of 283 passenger coaches, 106 are functional although they are in a bad state.

More: Daily News

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