US$120M Eurobond has saved us from collapse – ZRL

Zambia Railways Limited (ZRL) says the US$120 million Eurobond allocation received from government has saved the company from collapsing.

ZRL Corporate Affairs Manager Benson Ngula says most of the money has helped revive the railway company went towards railway infrastructure development.

Mr. Ngula tells QFM News via telephone that the company has procured various equipment to help in operation efficiency.

He explains that among the equipment procured include the tamping machines which will be launched next week aimed at re-aligning the railway line so that trains can move at a speed of between 70 to 100km per hour as compared to the earlier speed of between 15 and 20km per hour.

He says the revamping of the railway company has boosted confidence in the customers who are already appreciating the services offered by the company.