Government Instructs NRZ To Quickly Flight New Recapitalisation Tenders

The government has instructed NRZ to quickly flight new recapitalisation tenders after the NRZ DIDG tender fell apart, The Herald reports.

This was revealed by Transport Minister Joel Biggie Matiza in Matopos at the parastatal’s strategic meeting. Matiza said:

I urge you to urgently finalise the matter and proceed as directed by Cabinet.

As I indicated earlier, our guiding blueprint for this period is the Transitional Stabilisation Programme and this is one of the success factors identified by Government.

It is thus critical to point out Government’s view and the need to continue addressing the challenges at NRZ.

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NRZ and DIDG’s deal fell apart after they failed to agree on the controlling stake DIDG would have in NRZ. The government has since ordered NRZ to retender the recapitalisation project.

More: The Herald