Plans for rail project linking Mozambique, Zimbabwe and Zambia
Posted: 11 Mar 2020, 06:43
U.S. Railnet plans $11bln railway project linking Mozambique, Zimbabwe and Zambia
U.S.-based Railnet International plans to invest an estimated $11 billion in a modern railway line and high speed trains linking Zambia, Zimbabwe and Mozambique...
The investment in the project, running from Zambia’s Copperbelt province to the port of Beira in Mozambique via Harare in Zimbabwe includes the cost of locomotives and wagons...
Construction was expected to begin in January 2021... Railnet would replace the existing system to allow freight trains to travel at 120 km/hour and passenger trains at 160 km/hour... Railnet would build the new railway line parallel to the existing old one...
Railnet would operate the modern railway for a number of years and hand it over to the government after recovering its investment from the profit made...