South African firm Diaspora Infrastructure Development Group is suing the National Railways of Zimbabwe for “unlawfully” terminating a $400m tender awarded to it in 2017.As part of the deal, NRZ leased 13 locomotives, 200 wagons and 34 passenger coaches from Transnet.
The Zimbabwe government on July 30 terminated the tender after a series of cabinet meetings and consultations with DIDG. DIDG also claimed that Zimbabwe’s transport minister Joel Matiza had vested interests and there was bidding by people lurking on the sidelines to take the contract. DIDG said the cancellation cost it and Transnet close to a quarter of a billion US dollars, which they seek to claim through another lawsuit.
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National Railways of Zimbabwe sued by SA company over R6bn tenderSouth African firm Diaspora Infrastructure Development Group is suing the National Railways of Zimbabwe for “unlawfully” terminating a $400m (R5.85bn) tender awarded to it in 2017. We need to sue them more billions for their citizens destroying our rail infrastructure
Source: TimesLIVE - 🏆 28. / 59 Read more »