New Delhi: State-owned RITES Limited said in a regulatory filing on Friday that it has signed a contract worth USD 81,175,500 with National Railways of Zimbabwe (NRZ) for the supply of rolling stock (3000 HP Diesel Electric Locomotives and High Sided Open Wagons).
This landmark deal marks a major stride in the collaboration between RITES and NRZ, with the aim of enhancing Zimbabwe's railway infrastructure and boosting its transportation capabilities. The provision of advanced locomotives and wagons is set to revolutionise the country's rail network, facilitating the efficient and seamless movement of goods and passengers across Zimbabwe.
However, the filing noted that the Contract Agreements are subject to the approval of funding by the funding agency. The successful allocation of funds will pave the way for the commencement of this ambitious project, further reinforcing the partnership between RITES and NRZ.
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