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By Staff Reporter| President Emmerson Mnangagwa is today launching the introduction of new wagons for the National Railways of Zimbabwe.

The NRZ recapitalisation involves the signing of a framework agreement between NRZ and Transnet.

The capitalisation deal is worth over $400 million.

It involves the rehabilitation and renewal of plant, equipment, rolling stock, signaling and telecommunications infrastructure and the supporting information technology systems.

It is also meant to bring a modernised train control system.

The equipment that will be unveiled comprises 13 locomotives, 200 wagons and 34 coaches which are being leased from South African rail utility, Transnet. The UK based Diaspora Investment Development Group (DIDG)/Transnet Consortium is also part of the project.