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Zimbabwe:Road Motor Services Seeks Investors

09 Apr 2018

By Tinashe Makichi, The Herald

State-owned logistics firm Road Motor Services (RMS) has invited interested investors to submit financial proposals to lease and develop approximately 10 000 square metres of cargo handling and storage space at Zimbabwe's dry port at Walvis Bay in Namibia.

RMS, which is a subsidiary of the National Railways of Zimbabwe (NRZ) has been spearheading the construction of the port in partnership with Walvis Bay Corridor Group (WBCG) and the Namibian Port Authority.

In September 2009 the Namibian government granted Zimbabwe 19 000 square metres of land to construct a dry port that is expected to boost the country's trade with the world, but the project has failed to take off due to financial constraints.

Government has now invited financial proposals for the lease of space at the dry port, which is Zimbabwe's potential link to the Americas and Western Europe through the Atlantic Ocean.

"RMS is requesting for financial proposals for the lease of approximately 10 000m2 of cargo handling and storage space available at the Zimbabwe dry port facility of Walvis Bay in Namibia.

"The lease shall run for an initial period of 10 years commencing from the date of the lease agreement subject to further negotiations for lease extension," said RMS managing director Cosmos Mutakaya.

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