Transnet execs changed locomotive business case to favour Guptas'

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

StateCaptureInquiry | 'I developed a business case for the 100 locomotives for the coal export line. It was unilaterally changed by Transnet group executives to favour CSR.'

"I developed a business case for the 100 locomotives for the coal export line. It was unilaterally changed by Transnet group executives to favour CSR. The changes and implications were material and I submit that the representation made to the [acquisitions committee] was misleading in certain respects," Callard told the commission.

Callard's business case, signed off by Transnet executives in October 2013, made provision for the purchase of 100"19e-type" electric locomotives and 60 diesel locomotives to add to the capacity at Transnet's coal lines. The business case was signed off by executives like Siyabonga Gama, Garry Pita, Mahommed Mahomedy and Anoj Singh.

That business case recommended a confinement to Mitsui. This was predicated on the compatibility with the existing 110 locomotives Transnet had already purchased from the company to service its coal lines. "It addressed the urgency, the limited numbers of suppliers, and that the goods and services are highly specialised and largely identical to the previous locomotives purchased from Mitsui. The confinement meant the quickest delivery, making use of existing facilities," Callard said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 28. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I'm sure Peter Bruce has an explanation

대한민국 최근 뉴스, 대한민국 헤드 라인