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SUBSIDIARY NAME

HARARE METRO RAIL

COUNTRY

ZIMBABWE

SECTOR/ INDUSTRY

Railways

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 7, 2012

ACQUISITION VALUATION

4.775 BILLION

TOTAL ASSET VALUATION

47.75 BILLION

RAILWAYS

HARARE METRO RAIL project by HARARE LIGHT RAIL (PRIVATE) LIMITED acquired on September 7, 2012.

The harare metro rail project (hmrp) involves the construction of a city wide metro rail system starting with phase 1 of the project between central business district (cbd) and dzivarasekwa . The phase 1 line totals 30.4 km lomg – connecting all the high-density cbd and dzivzrasekwa. The proposed line is elevated along the whole route and will run on hydrogen, lng or battery power. The project, which is estimated to cost us $775 million, will be built over a 3-year period. A further four phases will follow to cover the whole city at the end of each 3 year construction period.

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