Local banks back Manhize rail project

101

GRAND Railway Solutions (GRS), a unit of Dinson Iron and Steel Company (Dis­co), is set to fund about 60 percent of a US$125 million Manhize-Mvuma railway proj­ect, while five local banks and the African Fi­nance Corporation (AFC) have expressed interest in financing the remainder. GRS, working with Disco, will construct a 50-kilometre railway line linking…