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Wednesday, 12 September 2012

Compulsory Acquisition of Railway Concession Rights

Government this week revoked the concession agreement of the Railway systems of Zambia and placed it under Zambia Railways Limited with immediate effect. Finance Minister Alexander Chikwanda says the repossession has been necessitated by mismanagement of the assets which has resulted in significant deterioration. Full statement is embedded below.
Railway Systems of Zambia

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