TANZANIA Zambia Railway Authority (TAZARA) board of directors has resolved to re-organise management of the firm and maintain closer monitoring on the performance of the company.
TAZARA Head of Public Relations, Conrad Simuchile said that to make the reorganization work, the board has appointed three watchdog sub-committees to seek for new ways of re-invigorating the operations of the company.
He said the move is aimed at seeing to it that TAZARA's performance which has dwindled drastically over the years from carrying 1.2 million metric tonnes of cargo and over one million passengers in 1986/87 to less that 340,000 metric tonnes of cargo and around 900,000 passengers in 2011/12 financial year, regains its lost glory.
The board which met last month in Lusaka, under Chairman, Dr Muyenga Atanga resolved that the sub-committees will oversee the day to day operations whilst monitoring performance closely to troubleshoot, identify and provide immediate solutions to the challenges.
The board said fresh appointments will be made soon for the positions of Managing Director after Akashambatwa Mbikusita-Lewanika's contract ended.
His deputy, Mr Damas Ndumbaro currently is the CEO. Dr Atanga said: "We are aware that the company is in dire need of re-capitalization and to this effect, the Zambian government will immediately release 32-million US dollars towards urgent rehabilitation work and working capital required" adding that the Tanzanian government will match the amount in the next budget.