DIDG Responds To Govt’s Termination Of US$400M Deal With NRZ

The Diaspora Infrastructure Development Group (DIDG) has responded to the cancellation of the US400 million deal they had with the National Railways of Zimbabwe that was meant to rehabilitate the railway parastatal of Zimbabwe.

The head of DIDG, Donovan Chimhandamba, signalled on Wednesday that his company could take legal action. He said:

We have noted the official statement from a few government authorities. We have been dealing with such malice for the last 18 months and they had managed to hide behind various issues. Last week it was about funding, now it’s about Transnet. None of these parties has communicated anything to us, which we find disturbing. However, we remain resolute to our cause and strictly reserve our rights.

The government whilst terminating the deal said that DIDG’s exclusion of Transnet had a legal impact on the tender which was awarded to them as a partnership.

Meanwhile, the government has indicated that it will soon be advertising a new tender to potential clients.

More: NewzWire Live

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2 comments on “DIDG Responds To Govt’s Termination Of US$400M Deal With NRZ

  1. They grease with what money when they hoping to play the same old trick of taking huge agreements to the bank and the bank throws its money in. What they failed to comprehend, which was always glaring was that zim credit ratings are filthy low to non- existant and no ssne bank would risk their money in zim

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