Transnet awards Cape Corridor freight paths to Traxtion Sheltam
South Africa's state-owned freight operator Transnet has conditionally awarded Traxtion Sheltam paths to operate between Kroonstad and East London.
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South Africa's state-owned freight operator Transnet has conditionally awarded Traxtion Sheltam paths to operate between Kroonstad and East London.
The much-vaunted plan, which involves allowing private sector players to independently run trains and invest in Transnet’s infrastructure, has bombed. And the state-owned enterprise is to blame.
Transnet Freight Rail (TFR) said its plans for rail reform in SA were on track despite only one successful application for the 16 slots it has opened to the private sector on part of its rail corridor.
But analyst says rolling stock requirements discouraged the majority of initially interested parties.
Transnet Freight Rail has announced that only one bid for private participation on its network has been accepted