Tanzania-Zambia Railway Authority (TAZARA) transported 220,000 metric tonnes of goods which the board says was far below the desired Break-Even Point of 600,000 metric tonnes during the financial year ended June, 2018.
TAZARA Board notes that although the Authority had continued to record successive improvements in almost all Key Performance Indicators, the annual freight haulage of 220,000mt was nevertheless very low.
This is contained in a statement issued to Money FM News by TAZARA Board Chairperson Dr. Leonard Chamuriho who is also Tanzania’s Permanent Secretary in the Ministry of Works, Transport and Communications and Zambia’s Ministry of Transport and Communications Permanent Secretary Misheck Lungu.
Dr. Chamuriho says in this regard the Board has directed Management to enhance efforts aimed at improving performance further in order to attain sustainability, going forward.
“The Board noted that the Attorneys General of the two countries had reached consesus on the proposed amendments to the TAZARA Act (1995) and that the two Governments were in the process of seeking approval for the amendments from their respective Cabinets before presenting the Bills to the two Parliaments,” said Dr. Chamuriho.
He says the Board has resolved to request the TAZARA Council of Ministers to convene at the earliest to discuss the funding requirements of TAZARA.
The Tanzania-Zambia Railway Authority (TAZARA) Board of Directors, comprises of the Permanent Secretaries responsible for Transport in Tanzania and Zambia, as Chairperson and Co-Chairperson, respectively, together with four other Board members from both countries.
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