Transnet in R30bn maintenance backlog | Fin24
 
  • All Mixed Up

    The ANC election manifesto is like the biriyani of political documents, writes Ferial Haffajee.

  • Crackdown

    Businesses have reopened in Zimbabwe as armed soldiers keep watch.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Transnet in R30bn maintenance backlog

Oct 08 2014 20:06

Cape Town - Transnet has an infrastructure maintenance backlog of R30bn, most of it on signalling systems and rail tracks, Public Enterprises Minister Lynne Brown has said in response to a written parliamentary question.

The parastatal needs to spend R13.9bn on rail tracks and R11.7bn on signalling systems.

It also faces outstanding upkeep of R2.4bn on rail yards, R907m on freight rail rolling stock, R349m on port terminals, R5m on pipelines and R37m on communications systems.

Transnet's plans for the current financial year budget for dealing with R1.1bn of the backlog.

The entity said the budget process for the next financial year would determine the extent to which the remaining R28bn was funded.

The Democratic Alliance, which asked the question, said the figures were at odds with the government's oft-stated commitment to infrastructure expansion.

"Any further deterioration of Transnet’s infrastructure could severely affect South Africa's ability to create jobs and grow the economy," DA MP Phumzile van Damme said.

transnet
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
8 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

Should it be mandatory for SA companies to report pay discrepancies between men and women?

Previous results · Suggest a vote

Loading...