Permanent secretary in the Ministry of Transport, Patterson Mbiriri confirmed the development, adding the new board, whose tenure shall be three years, had already taken charge of the parastatal.
“A new board has been appointed by the Minister of Transport, Communication and Infrastructure development on a three-year tenure and is already at work,” said Mbiriri.
The board is chaired by Ambassador Khotso Dube, who is deputised by David Mangemba.
Other board members include retired brigadier-general David Chiweza who is currently the managing director of Lobels and former acting managing director of Zupco, Bothwell Kunaka. Other members are Phumla Ncube and James Mutizwa, as well as current NRZ general manager retired air commodore Mike Karakadzai.
Mbiriri said the board would see to it that the deplorable rail, signalling and telecommunication infrastructure is rehabilitated.
This would see the replacement of old equipment such as locomotives, wagons and coaches.
Mbiriri, however, did not specify how the rehabilitation process would be financed.
NRZ needs US$2 billion to recapitalise and modernise its operations in the long term.
In the 2012 budget the parastatal was allocated only US$20 million, a paltry figure when compare to what NRZ needs to recapitalise.
The company is currently operating below 30% capacity owing to financial constraints to fund its recapitalisation programme, which continues to be a missing link in the recovery of the economy.
According to Mbiriri, dilapidated infrastructure, theft and vandalism continue to hamstring the operations of NRZ.
Lately, NRZ has been struggling to pay its workers, numbering about 9 000, resulting in strikes that further disrupted operations.
At its peak NRZ carried 18 million tonnes a year.
The railway firm owns 8 682 wagons of which only 3 427 are operational, transporting over six million tonnes of goods per year.
The parastatal is currently in a parlous state, with its wagons long beyond their economic lifespan of 40 years.