Transport and Infrastructural Development Minister Joel Biggie Matiza (left) and Energy and Power Development Minister Fortune Chasi at follow proceedings at a post-Cabinet briefing in Harare yesterday. – Picture: Believe Nyakudjara

Zimbabwe: NRZ Weighs Wider Revenue Generation Streams

The National Railways of Zimbabwe (NRZ) is weighing various options of leveraging its vast tracts of land in its property portfolio across the country to widen revenue generation streams.

This was said by Transport and Infrastructure Development Minister Joel Biggie Matiza after touring some of the pieces of land in the suburbs of Lochnivar and Rugare in Harare yesterday.

He was accompanied by the Permanent Secretary in the ministry Engineer Amos Marawa, NRZ board chairman Advocate Martin Dinha and senior NRZ managers.

“We have a number of properties across the country and we are looking at ways of unlocking value from them,” said Minister Matiza. “In some places we might sell, in some we might go for joint ventures, while for some we might lease.”

Check Also

Treasury Projects $390bn Revenue

Government projects revenue collections for 2021 to reach $390,8 billion, representing 16,4 percent of the …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This function has been disabled for Zimbabwe Today.