Lusaka -Mozambique, Zambia and Zimbabwe are exploring the feasibility of laying down a high-speed rail network that will connect the region and boost trade.
The US$11 billion project is being fronted by the governments and United States-based Railnet International Limited, and a feasibility study is underway.
The line will run from Zambia’s mining belt to the Port of Beira in Mozambique via Harare, Zimbabwe.
Mozambique, Zambia, Zimbabwe and Railnet this year signed an agreement to jointly invest in the high-speed rail that will carry both passengers and cargo.
Railnet International and other financiers, including Magcor International, are structuring financing in an anticipation of a positive outcome to the feasibility study that should be completed before year-end.
The aim is to begin actual construction in January 2021.
Railnet wants to build a parallel system next to the existing one to allow freight trains to travel at 120km/hour and passenger trains at 160km/hour.