Home / Metal News / Zambia's Tazara Needs $5 Mln/Month Revenue To Operate Smoothly - Report

Zambia's Tazara Needs $5 Mln/Month Revenue To Operate Smoothly - Report

iconAug 10, 2010 08:46
Source:SMM

Aug 09, 2010 (Dow Jones Commodities News via Comtex) -- Tanzania Zambia Railway, known as Tazara, needs to generate revenue of at least $5 million a month in order to operate smoothly and satisfy its customers, the Times newspaper of Zambia reports Monday.

The state-owned daily quoted Tazara managing director, Akashambatwa Mbikusita-Lewanika, as saying the company's current monthly revenue of $3 million is not enough for the company to meet its obligations. The ailing Tazara is Zambia's main copper export route connecting Zambia's Copperbelt Province to the Tanzanian port of Dar Es Salaam.

"If we are to earn $5 million a month we would be able to meet our obligations and this includes being able to erode indebtedness (and) pay attention to passenger coaches and physical infrastructure..," he was quoted as saying.

Zambia is Africa's largest copper producer.
 

copper Cu
Zambia

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news