• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

French firm clinches R51bn SA train deal

Dec 05 2012 16:00 Reuters

Related Articles

Prasa ready for roll-out

Prasa sues government for R26m

Prasa plans R15bn BEE scheme

Prasa revamp to create 65 000 jobs

State eyes R137bn passenger rail upgrade

Metrorail under pressure

 
Johannesburg - Government rail agency Prasa on Wednesday awarded a R51bn ($5.8bn) contract to France's Alstom SA to supply passenger trains in a ten-year deal.

In one of the biggest government deals ever awarded by South Africa, Alstom will build 3 600 new train coaches to help overhaul the country's creaking rail network.

Several firms had bid for the R51bn contract, including Canada's Bombadier, Spain's CAF, Switzerland's Stadler Rail, China North Rail and China South Rail.

The chief executive of the Passenger Rail Agency of South Africa, which awarded the contract, told reporters the deal was expected to create about 33 000 jobs.

South Africa is on a drive to improve public transport to the millions of poor who are without cars.

The contract is the biggest rail deal currently in the works anywhere in the world, according to one industry source.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

alstom  |  prasa
NEXT ON FIN24X

 
 
 

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
101 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Nkandla: Zuma 'still looking for undue benefit'

President Jacob Zuma has told supporters at an election rally in Mpumalanga that he had not wrongfully benefited from the upgrade to his Nkandla home.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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