{UAH} TRANSNAT AWARDS TRAIN CONTRACT
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Transnet awards train contract
March 17 2014 at 11:50am
By Reuters
Independent Newspapers
Brian Molefe, Transnet CEO. Photo: Nonhlanhla Kambule-Makgati.
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Johannesburg - South Africa's state-owned logistics company on Monday awarded General Electric, Bombardier and two Chinese firms a contract to supply over 1,000 trains, as part of a R300 billion expansion plan.
South Africa's Transnet is in the midst of a 7-year plan to spend 300 billion rand by 2019 to expand the railways, ports and pipelines that move commodities for export from Africa's top economy.
Transnet chief executive Brian Molefe told a media briefing the contract would also go to China's top two train makers, CSR Corp and China CNR Corp.
Details on the size of the individual contracts were not immediately available. - Reuters
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