• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

See More

Gigaba: New Transnet tender historic

Oct 22 2012 14:32 Sapa
Railway tracks

(File) (Shutterstock)

Related Articles

China firm bags Transnet trains contract

Transnet pumps billions into rail repair

Transnet, Eskom drive local supply

Transnet's masterplan to take it forward

Gigaba: State companies keep SA going

SA's best run parastatals named


Pretoria - A consortium led by a Chinese manufacturer was announced as the successful bidder to supply 95 electric locomotives for Transnet on Monday.

"This tender is historic," Public Enterprises Minister Malusi Gigaba told reporters at Transnet Freight Rail's Capital Park depot in Pretoria.

Seventy percent of the deal would go to CSR Zhuzhou Electric Locomotive (CSR) and 30% to South African consortium Matsetse Basadi.

"This deal will make South Africa part of the global supply and manufacturing chain.

Gigaba said the rail system remained the key to improving trade, lowered carbon footprints, and also reduced road traffic.

"The last two decades have seen a migration from rail to road."

To reverse this, the railways had to improve quality.

The first batch of locomotives would be delivered to Transnet Freight Rail by December 2013 and the last batch was planned for September 2014.

The parties committed to produce most of the locomotives locally.

The first 10 locomotives would be assembled in CSR's factories in China while the remainder would be made in South Africa.

The purchase was part of Transnet's long-term renewal programme to increase capacity while also improving the average age of its fleet, Gigaba said.

Transnet invited additional proposals for the supply of 1 064 locomotives.

"These are to meet and maintain the market demand strategy volumes targets in line with the company's R300bn seven-year investment programme," the company said in a statement.




Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money
6 motivational tips to help you save this year Read More...
Invest for Income

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...