NRZ demos scare investors — Mpofu
Obert-Mpofu

Minister Mpofu

Prosper Ndlovu Business Editor
TRANSPORT and Infra-structure Development Minister Dr Obert Mpofu yesterday said demonstrations by National Railways of Zimbabwe (NRZ) workers might stifle progress in finalisation of financing deals with potential investors.Speaking during a Chronicle business breakfast meeting in Bulawayo yesterday,  Dr Mpofu urged patience from the disgruntled workforce who went on strike two weeks ago over outstanding pay.

“We’re working hard to bring industry on its feet but what’s disappointing is that while we engage investors on NRZ revival and we’re about to clinch the deals, we see people staging demonstrations,” he said.

Dr Mpofu said the Development Bank of Southern African (DBSA) was upset to see NRZ workers taking to the streets, saying the move nearly scared the prospective investor away.

DBSA is set to roll out a loan facility to the tune of between $450 to $700 million for the resuscitation of the giant parastatal.

“At times we destroy ourselves. Even if you’re milking a cow you milk a live one. You can’t be seen milking a dead cow and hope to get milk.

“Let us not do things that will discourage those who want to support us. As it is we don’t have signals for the trains and drivers  use cellphones. NRZ workers, let’s be patient until we conclude these deals,” said Dr Mpofu.

He said the accident that occurred at Heany Junction on the outskirts of Bulawayo where scores of passengers were injured recently was caused by signal failure.

Dr Mpofu assured the country that the on-going government initiatives would improve the transport system and enhance business operations.

 

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