In a Facebook post, flamboyant businessman Wicknell Chivayo questioned MDC Alliance presidential candidate Nelson Chamisa’s claims during a rally held in Chinhoyi on Sunday.
Chivayo questioned Chamisa’s declaration that if the MDC Alliance is voted into power in the forthcoming elections, they will introduce bullet trains. Below is the Facebook post:
E.D HAS MY VOTE 2018……….MDC President Hon Nelson Chamisa promised us bullet trains in his first five years if elected. I did dig up some information about infrastructure required to have a bullet train service. From that information it is apparent that completely new rail tracks will be required to have bullet trains.
In terms of costs, the information shows that it will cost between $105m and $178m to construct 1km of track suitable for bullet trains.
Harare-Bulawayo is 436km by road. Using that as a surrogate, it will cost between $45,78bn and $77,608bn to put rail infrastructure compatible with bullet trains. I will ignore the cost of acquiring the trains and passenger wagons.
Assuming annual net cashflows of $1bn, the undiscounted payback period will be between 46 and 78 years. To be able to earn net cashflows of $1bn per year, the project will need to earn net cashflows of $2,747 million a day. Assuming they will charge $50 for one way trip, they will need to ferry 55, 000 passengers per day. If they charge $100, that’s 25,000 passengers per day.
It will be a major surprise if that route handles more than 6,000 travellers a day, both directions.
In short the bullet train project is never going to be feasible from a cost and passenger traffic point of view. Any government that wants to have such a project will have to fund from its coffers and be ready to subsidise the facility. Zimbabwe clearly has never reached that point.
Chamisa claims that $15bn is needed to revive the economy, yet one of his envisioned project costs 3 times that much, which costs can easily be more than 5 times their target funding requirements.
Clearly Chamisa does not talk from informed viewpoints but rather just try to find promises that excite the youthful and unsuspecting voters.
Leading a country requires seriousness not this political banter…..E.D HAS MY VOTE 2018…….
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Wicknell Chivayo a.k.a Sir Wicknell is a business person in Zimbabwe known mostly for making posts on social media about his riches. His source of wealth is not known but he has been reported to be linked to corrupt business activities and having close ties... Read More About Wicknell Chivayo
Nelson Chamisa is a Zimbabwean politician and current president of the Movement for Democratic Change. He was elected presdient at the party's congress on 25 May 2019. Chamisa is the former member of parliament for Kuwadzana , former Minister of Information and Technology , former... Read More About Nelson Chamisa
The MDC Alliance is a coalition of seven opposition parties that was launched on the 5th of August, 2017 at the Zimbabwe Grounds in Highfield, with the aim to challenge Zanu-PF in 2018 harmonised elections. The party's presidential candidate for the 2018 elections is Nelson... Read More About MDC Alliance