Only 80% of Euro bond used on Railway rehabilitation

Only 80% of Euro bond used on Railway rehabilitation

Muyenga Atanga needs more money

Muyenga Atanga needs more money

Contrary to lies by Zambia Railways Managing Director Muyenga Atanga that Zambia Railways had exhausted the US$120m Euro bond, head of corporate affairs Benson Ngula has disclosed that only 80% of the money has been used.

Ngula told Kabwe’s KNC radio station that 80% has so far been used in railway rehabilitation. He said the company had replaced railway sleepers with modern concrete ones. However, the rehabilitation that Ngula was boasting about has been shoddy work as it was being carried out by PF cadres engaged by Atanga and PF government. Because of the shoddy works, there has been an increased number of derailments while the train speed remains at below 50kilometres per hour forcing many organizations to prefer road transport.

Government allocated the US$120m for railway rehabilitation from the US$750m loan acquired and in September, Atanga who is husband to PF Acting secretary general Bridget Atanga requested for another US$150m, claiming that the earlier allocation was not sufficient. It is not clear as to what Atanga intends to do with the remaining money since he claims that it has been exhausted.

And workers in the railway company have called for thorough auditing and investigations because the company was losing a lot of money through dubious contracts and procurement irregularities.

Share this post