Transnet and the National Railways of Zimbabwe (NRZ) have started contract negotiations following last week’s announcement that Transnet had won the bid to recapitalise the government owned railway operator to the tune of US$400 million.
Transnet is expected to help turn around the fortunes of NRZ by providing funding to acquire and refurbish wagons as well as upgrade the company’s information communication technology and signalling systems, thus upping its capacity to move goods.
Chief executive of Transnet, Siyabonga Gama, said that Africa was an important factor in its growth plans and this bid was a first step in that direction.
“Our longterm vision is to provide an integrated freight system in the southern Africa region. The scope of opportunities under consideration includes advisory work, building, operating and transferring of concessions in the logistics space,” he said.
CAPTION
CE of Transnet, Siyabonga Gama
