Zambia Revokes Railroad Concession, Investors Seek Talks

Law360, New York (September 19, 2012, 7:43 PM EDT) -- Railway Systems of Zambia Ltd. confirmed Wednesday that the government of Zambia has revoked its right to operate the country’s biggest railroad network, nine years into a 20-year concession for its three financial backers.

The firm’s parent company, Africa-focused infrastructure investor NLPI Ltd., confirmed it has been served with a notice of repossession for all its freight and passenger concessions in the southern African nation. The notice was received on Sept. 10, said Tom Plaistowe, a spokesman for NLPI, in an emailed statement.

“NLPI is actively...
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