Zimbabwe: Govt Eyes U.S.$25 Million Zupco Bus Deal

GOVERNMENT is negotiating a US$25 million loan agreement with the Eximbank of India to buy 500 buses to revive the Zimbabwe United Passenger Company's operations. Local Government, Public Works and National Housing Minister Ignatius Chombo disclosed this when he appeared before the Parliamentary Portfolio Committee on Local Government, Public Works and National Housing yesterday.

The parastatal has not received any significant capitalisation from the Government for the past 30 years.

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