Industry association hails Traxtion’s R3.4bn rail investment as major boost to SA’s freight reform

The African Rail Industry Association (ARIA) has hailed the R3.4 billion investment in locomotive production by Traxtion as a move that will enable competitive and open-access rail network, and reinforce Transnet’s capacity to support national targets.

The investment, part of a broader R5bn private-sector commitment made at the launch of the National Rail Policy in 2022, will help expand freight capacity and accelerate sector reforms.

The programme includes R1.8bn for locomotives and R1.6bn for wagons, with a minimum 60% local content requirement. Construction and deployment are expected to create 662 direct jobs.

Source: BUSINESS REPORT