Transnet SOC Ltd., South Africa’s state-owned operator of ports and railways, has unveiled a major infrastructure investment plan totaling nearly 130 billion rand ($7.4 billion) over the next five years. The initiative aims to reverse years of operational decline and improve logistics efficiency across key freight corridors. A central focus will be the rehabilitation of two vital rail routes, including the 861-kilometer (535-mile) iron ore line that connects Sishen in the Northern Cape to the port of Saldanha Bay on the west coast. According to Transnet Chairman Andile Sangqu, the upgrades are essential to restoring reliability and boosting export capacity. The investment reflects a broader government effort to stabilize critical infrastructure and support economic recovery.
— news from Bloomberg
— News Original —
South Africa’s Transnet Plans $7.4 Billion Spend in Recovery Bid
South Africa’s state-owned ports and railway operator Transnet SOC Ltd. plans to invest nearly 130 billion rand ($7.4 billion) on infrastructure projects over the next five years as it presses ahead to improve performance. n nThe plan prioritizes the refurbishment of two major rail corridors, including a 861-kilometer (535 miles) long iron ore line from Sishen in the Northern Cape to Saldanha Bay on the western coast, Transnet Chairman Andile Sangqu said in an interview on Friday.