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Zimbabwe Signs $533 Million Deal with China to Revamp Railways | Vantage with Palki Sharma
Zimbabwe has signed a $533 Million deal with China to revamp its railway infrastructure. The deal has been signed with the TransTech Engineering Corporation, a subsidiary of the China Railway Group. Zimbabwe's railway network has been around for more than a century. It was built by the British during colonial times. After independence, Zimbabwe's rail network hit peak capacity in the 1990s, but it has been on the decline since. This has resulted in freight levels reaching less than 15% of their peak. Zimbabwe has great mineral wealth, but the lack of transportation means it cannot export enough minerals for profit.
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Zimbabwe | China | Railways | Africa | Coal | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #zimbabwe #railways #africa #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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