A consortium of American investors has threatened to withdraw its $400 million financing for the North West rail Project.
This follows the reluctancy by Mining giants Lumwana and Kansanshi to sign a committment agreement for the use of the rail line set to be completed in 2010.
North West Rail Limited Chairperson, Enock Kavindele disclosed this in an interview with ZNBC news.
Mr. Kavindele appealed to the government to help entice the two mining companies into using of the rail track.
Last week, Finance Minister, Ng’andu Magande said government is ready to assist in the rail project if there are any financing problems.
HE said this is because government appreciates the economic significancy of the rail project.