Transport Minister, Joel Biggie Matiza has ordered the National Railways of Zimbabwe (NRZ) to retender the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project after the collapse of the deal with the Diaspora Infrastructure Development Group (DIDG).
The deal was cancelled after DIDG allegedly failed to provide proof of funding before the agreed deadline as well as excluding Transnet, which was part of the consortium.
Speaking after Cabinet has resolved to invite new suitors for the project, Matiza said:
Given the urgency of the matter, I hereby invite the NRZ board and management to come up with revised draft RFP (request for proposal) and TORs (terms of reference), including action plan for the implementation of the cabinet directive taking into consideration the lessons learnt from the DIDG-Transnet project to date, the prevailing situation in the railways sector as well as the general economic and financial environment in the market.
The project was meant to revive the NRZ which is currently in a devastated state due to the economic meltdown which ravaged Zimbabwe a decade ago.
Meanwhile, DIDG is exploring legal options in light of the termination of its bid.
More: Zimbabwe Independent