State-owned freight logistics group Transnet has signed a R2.8 billion loan with Germany’s KfW Development Bank to fund part of its 1064 locomotive acquisition programme. Transnet will use the proceeds of the loan to fund the acquisition of 240...
An historic Memorandum of Understanding (MoU) has been signed between Transnet SOC Ltd and Chinese locomotives manufacturer CSR Zhuzhou Electric Locomotive (CSR). The MoU paves the way for Transnet to conclude agreements with CSR to set up...
In a media statement Transnet states it has noted with concern the misleading and mischievous reports over the weekend intended to cast aspersions on the integrity and vigour of the process the company followed in awarding contracts for the supply...
A R50 Billion contract for the building of 1064 locomotives has been awarded by Transnet to four global original equipment manufacturers (OEMs). Transnet said in a statement it had awarded CSR Zhuzhou Electric Locomotive and Bombardier...
The first consignment of dual voltage electric Class 20E locomotives have been handed over to Transnet Freight Rail (TFR). The two locomotives arrived a month earlier than anticipated and are part of the 95 electric locomotives to be deployed in...
Chinese manufacturer CSR Zhuzhou Electric Locomotive (CSR) has been named as the successful bidder to provide 95 electric locomotives to South African company Transnet. The cost for the locomotives will be around R2.6 billion rand with the first 10...
