Zupco revival on the cards

Zimbabwe had opened negotiations with India's Eximbank for a $25 million loan to purchase at least 290 buses aimed at reviving the State owned Zupco.

This comes as the embattled Zupco which has not received assistance from Treasury for the past 15 years is teetering on the brink of collapse due to under capitalization.

Local Government deputy minister Christopher Chingosho last week said Zupco has already sent a team on experts to India to inspect the bus specifications.