https://www.engineeringnews.co.za
Africa|Freight|Locomotives|rail
Africa|Freight|Locomotives|rail
africa|freight|locomotives|rail

Traxtion prepares to make use of ‘rare’ private sector rail opportunity

Traxtion train

Traxtion locomotive

15th November 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Private rail freight operator Traxtion sees the national government’s structural reform agenda as a rare opportunity for the private sector to leverage massive investment in train sets to unlock one of the biggest structural impediments to growth in the South African economy, which is train capacity.

The company refers to the announcement that South Africa’s rail network will be opened to third-party freight operators in 2022, as reiterated in the Medium Term Budget Policy Statement last week.

Traxtion is now assessing its options for raising capital to make use of this opportunity. The company intends on introducing a meaningful number of trainsets in the country once the structural reform is in place. 

The company says the South African government is on the right track with its rail reform agenda, citing the example of when the Tanzania-Zambia Rail Authority allowed additional tons to be moved by Calabash Freight, which saw 1 860 Tazara rail line’s freight volume grow by 26% year-on-year.

Traxtion already has a workshop complex in Pretoria that is capable of servicing more than 300 locomotives; the complex includes a parts inventory and supply chain division, supplying rail consumables throughout Africa.

The complex also houses a Rail School where the company takes in semiskilled artisans from the local community and trains them to the highest technical qualification in Africa.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.136s - 138pq - 2rq
Subscribe Now