Fin24

Transnet to boost port rail capacity

2012-04-10 10:54

Johannesburg - State-owned logistics group Transnet plans to increase its capacity to haul iron ore from mines to ports by 56% over the next seven years, its chief executive Brian Molefe said on Tuesday.

Molefe also said Transnet, whose wagons carry 53 million tonnes of iron ore currently, would increase its capacity to move coal from mines to ports from 68 million tonnes to 97.5 million tonnes over the same period.

Transnet recently tripled its capital investment programme to R300bn over seven years to expand infrastructure in Africa’s biggest economy, where bottlenecks on rail lines and at ports have slowed exports and economic growth.

Transnet moves commodities such as coal, iron ore and fuel.