A new dedicated railway line will be built to connect Mvuma’s US$ 1bn stainless steel production to a new port in Mozambique, allowing exports to be moved on time and in quantity. The enterprise is looking for investors to help with this and restoring and improving the train networks.
The planned investment will also increase bulk railway traffic between Mozambique and Zimbabwe, creating additional chances in mining and manufacturing and assisting the tourism industry, and unlocking countless downstream job prospects. Mike Madiro, Deputy Minister of Transport and Infrastructural Development, revealed details of the prospective investment in Dubai on Sunday when a Zimbabwean team drawn from the tourism and transport sectors conducted a two-day interaction with potential investors and the Diaspora community.
After completing preparatory groundwork and the connection of power to the project site in Manhize, top Chinese steelmaker Tsingshan Holding Group is developing the massive iron ore and carbon steel factory.