A UAE-based rail logistics company is seeking to enter South Africas freight rail market as Transnet opens its network to private operators under its third-party access framework.
African Rail Company ARC is raising approximately 170 million R2.8 billion to purchase locomotives and wagons for operations on South Africas freight rail network.
According to Bloomberg , ARC is among the 11 private operators that have received conditional access to the Transnet rail network as part of the state-owned companys move to end its monopoly over the services.
