Railway System of Zambia

Railway Systems of Zambia Limited (RSZ) is a private company incorporated and registered in Zambia. It is a subsidiary of NLPI Ltd, an investment holding company, whose main investment focus is infrastructure-related projects on the continent of Africa.

The shareholders of NLPI are Nedbank Ltd, Old Mutual and Sanlam, all major South African financial institutions, together with New Limpopo Bridge Projects Limited (NLP), an investment company controlled by Mr. Mordechai Tager and Mr. Zion Elani, both entrepreneurs with extensive project development experience.

The NLPI Consortium participated in a tender, administered by the World Bank, in respect of the Zambia Railways Concession, in order to ensure a "Through Traffic" pre-arrangement along the Corridor from Durban to Lusaka and beyond. The Consortium was declared the winner with the signing of the Freight Concession Agreement on 14th February 2003, by the Minister of Finance and National Planning of the Republic of Zambia, as well as representatives of the NLPI Consortium.

The Consortium made a provision of US$40 million for the rehabilitation of Zambia Railways. The World Bank funded an additional investment of approximately US$30 million to finance Zambia Railways staff retrenchment packages, locomotive rehabilitation and other related projects.

Zambia Railways, which comprises over 900 kilometres of mainline railways and + 300 kilometres of branch line railway, is one of the largest rail networks within the region

The Zambia Concession, which covers the entire network from the Sakania Border to Victoria Falls, including the Copper Belt and other branch lines, not only constitutes one of the largest ever acquisitions in Zambia’s history, but is also unique, as it is Zambia’s first railway concession. The management expertise of highly skilled and experienced Zambians and expatriate staff has been injected into RSZ. Ongoing improvements include programmes to upgrade track and rolling stock, as well as staff training. State of the art monitoring and IT systems have been installed to manage operations and improve customer care.

It is imperative to view this Concession not in isolation but as part of a global effort by NLPI, to alleviate railway and other related transport problems within the region.

The Concession will operate for a period of 20 years with a possible extension for a further 10 years, which is ample time in order to make Zambia Railways self-sufficient and for the Consortium to make a return on its investment.

References

http://www.nlpi.net/GroupOverview_RSZ.html