Gautrain seeks R4bn for new trains | Fin24
 
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Gautrain seeks R4bn for new trains

Nov 08 2018 06:31
Loni Prinsloo and Antony Sguazzin, Bloomberg

South Africa’s high-speed rail network, Gautrain, is seeking R4bn to increase its number of trains by 50% ahead of a potential expansion to other parts of Johannesburg and Pretoria.

The Development Bank of Southern Africa is leading the fundraising, a spokeswoman said in an emailed response to questions on Wednesday.

Canada’s Bombardier, CRRC Corp. of China and local firm Egoli Rail are among the bidders to supply the trains, she said.

The government-owned Gautrain is also planning to build a second depot.

The purchases will come ahead of a wider expansion that could see the Gautrain add a further 150km of track to its 80km network.

The service, which was built ahead of the 2010 soccer world cup in South Africa, currently runs from Pretoria to central Johannesburg and would extend as far as Soweto in the southwest under the proposals, which National Treasury is considering.

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gautrain  |  investment  |  transport
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