AFRICA

Transnet unveils $4.3bn investment plan

14 years ago

South African port operator Transnet Port Terminals has committed R33bn ($4.3bn) over the next seven years in port and rail capital projects until 2018/19.

The bulk of the funding – 71% – will be committed to expansion projects, while the remaining 29% will go towards capital sustaining projects aimed at achieving operating norms and upholding service delivery.

The latter includes the replacement of aged equipment as well as the refurbishment of existing equipment.