Transnet’s rail network repair: A 10-year journey ahead with R80bn investment

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 75%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The 10-year timeline to fix the network is less daunting once the project is spliced into more manageable outcomes.

It may cost R80 billion and take 10 years to fix Transnet’s core rail network, comprising about 5 000km out of SA’s total rail network of 21 000km.

“But for that to happen we need to get the policy right. Our rail network has to be managed in the same way that Sanral manages our major roads, with long-term concessions, and the private sector maintaining the roads and charging a toll.”The 10-year timeline to fix the network is less daunting once the project is spliced into more manageable outcomes, starting with the repair of the Durban-Johannesburg line, a project that could be done in two to four years.

“First, we need a proper technical assessment of the network, which National Treasury is currently undertaking. That will give us a better picture of the state of the network, and where we need to prioritise our spending.” The South African Reserve Bank estimates that transporting coal via rail to Richards Bay costs about $11 a ton compared to nearly $70 a ton by truck.

The key rail corridors will be accompanied by multiple ‘nodes’ such as dry port storage and handling, freight villages, fuel terminals and sea and airports.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hundreds of private security companies set to assist police ahead of electionsOn Sunday, Police Minister Bheki Cele said their general elections security plan identified 500 high-risk voting stations out of the 23,000 nationwide.
Source: ewnupdates - 🏆 30. / 53 Read more »