A crisis meeting meant to resolve bottlenecks stalling the finalisation of the US$400 million NRZ recapitalisation project this week failed to resolve the impasse after legal advisors from the Transport Ministry passed adverse comments.
The deal, involving South African rail company Transnet and the Diaspora Infrastructure Development Group (DIDG) is set to be financed by several banks, mostly from South Africa, to the tune of US$700 million.
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