As African governments look to expand and upgrade railways, transportation conglomerate General Electric (GE) sees potential to supply locomotives built in South Africa to the rest of Africa.
GE, in partnership with Transnet, has already supplied 26 locomotives to Mozambique and is looking for more opportunities, said GE South Africa chief executive officer Thomas Konditi, quoted by Bloomberg.
“The infrastructure projects across the region, the continued growth of rail networks, just says that the need for locomotives and wagons and that kind of infrastructure is going to keep going,” he added.
Last year GE was one of four companies awarded a R50-billion-rand contract by Transnet Freight Rail to supply 1 064 diesel and electric trains over four years.
Speaking to CNBC, Konditi noted that African governments were investing in rail infrastructure for freight, as road transportation was more expensive.
