The government plans to reduce fees for transport operators by more than 50 percent as part of efforts to increase investments within the industry.
It emerged at the resuscitation meeting of Pioneer Transport currently under judicial management, that the government is also working on policies to increase business confidence in the transport sector.
The Director of Transport Management in the Ministry of Transport and Infrastructural Development Mr Allowance Sango told creditors, suppliers and workers after commissioning 10 trucks of the firm in the capital on Friday, the government will soon be announcing the fees reduction structures in line with the ease of doing business reforms.
“There is need to address the cash situation and unlock more opportunities in the sector,” he said.
Measures are being put in place to ensure the firm returns to viability, according to the firm’s judicial manager, Dr Wesley Sibanda.
Dr Sibanda said: “It’s all about confidence that we just need in order to enhance growth and viability in the future”.
The company was placed under judicial management last year on the back of cashflow challenges, however measures are being put in to restore profitability, engage all the former workers and contribute meaningfully to economic development.