Zambia Railways Chief Executive Officer Muyenga Atanga has dispelled assertions suggesting that part of the one hundred and twenty million US dollars Eurobond money allocated to the railway firm has been spent.
Dr. Atanga has disclosed at a media briefing in Lusaka this morning that the Eurobond money is still intact and being kept in the ZANACO bank account.
He says the expenditure of the money will be done in a transparent manner as the Zambia Railways Limited is under watch by the Anti-Corruption Commission and the office of the Auditor General.
Dr. Atanga has also disclosed that the procurement process to award tenders to procure spare parts to rehabilitate the locomotives and wagons will also be concluded this month.
And Dr. Atanga has dispelled assertions suggesting that he is getting salaries as Zambia Railways Limited CEO as well as Transport, Works, Supply and Communication permanent secretary.
Dr. Atanga explains that he is only drawing the salary of Permanent Secretary at the Ministry of Transport, Works, Supply and Communication.