North West rail project, Zambia
Name and Location
North West rail project, Zambia.
Client
Grindrod.
Project Description
The project proposes the construction of a 340 km railway line from Chingola, in Zambia’s Copperbelt, to Kalumbila, with the possibility to extend the line to the Angolan border.
This north-west corridor project could potentially move 1.2-million tons a year of copper concentrate.
Value
The project is valued at an estimated $500-million.
Grindrod CEO Alan Olivier has said that the company will not supply all of the project’s required capital.
The group is already talking to partners to develop the railway line.
Duration
The project is expected to be completed by the end of 2018.
Latest Developments
Grindrod has secured a draft development agreement on the project and will soon sit down with the Zambian government to finalise a concession agreement.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Grindrod, tel +27 31 304 1451, fax +27 31 305 2848 or email grindrod@grindrod.co.za.
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