SA, Botswana ink deal for 80m ton-a-year railway link | Fin24
 
  • Money Flows

    About 3 000 super-rich have left SA in the past 10 years, according to a new report.

  • Nelson Mandela

    Madiba would have been alarmed at the polarisation and hate speech in SA, says Derek Hanekom.

  • Fin24’s newsletter

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

Loading...

SA, Botswana ink deal for 80m ton-a-year railway link

Feb 07 2019 16:23
Khulekani Magubane, Fin24

Transnet has reconvened ten-year talks with Botswana Railways to build a heavy haul railway line to link the two countries in Lephalale, Limpopo Province, the company announced on Thursday.

The idea is over a decade old and seeks to unlock the potential of coal reserves, estimated to be as much as 212bn tons in Botswana.

A meeting held between Botswana Railways chair Adolph Hirschfeld and Transnet chair Popo Molefe, on the sidelines of the Mining Indaba in Cape Town, breathed new life into the project’s execution.

In a statement, Transnet said railway expansion programmes linked to the construction of the Botswana rail network are at an execution stage.

"This particular programme, which is in construction phase, is a step towards unlocking both Waterberg and Botswana coal. The Botswana coal reserves are estimated at 212bn tons," said the statement.

The statement said others are at advanced planning stages, including the upgrade of the existing railway line from Lephalale to Pyramid South in Pretoria.

"Other projects in support of this programme include the upgrade of the electrical infrastructure on the coal heavy haul system and the construction of the second tunnel at Overvaal in Mpumalanga, among others," the statement said. 

The statement said the two entities signed a memorandum of understanding that will see up to 80m tons of coal per annum transported from Botswana.

SA and Botswana will now assemble a joint steering committee and a project team to start the project.

transnet  |  mining indaba  |  popo molefe  |  mining
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...