Rail freight service provider Traxtion has confirmed finalising a R3.4 billion rolling stock investment programme aimed at expanding freight capacity and supporting South Africas rail reform agenda.
The programme, which includes R1.8 billion for locomotives and R1.6 billion for wagons, represents the largest private freight rail investment in South Africas history in terms of fleet size and value.
It is expected to create at least 662 direct jobs during construction and deployment and will meet a minimum 60 local content target, addressing roughly 5 of the national freight rail capacity shortfall.
