Transnet has signed a 300 million R5.8 billion loan agreement with Frances Agence franaise de dveloppement AFD, with funding linked to a series of operational milestones, including the rehabilitation of key rail corridors and broader efforts to improve freight operations.
The loan supports the Transnet Freight Decarbonisation and Corporate Sustainability Programme, which includes the rehabilitation of 550km of rail along the Cape and Container corridors to improve reliability and enable a shift of freight from road to rail.
Disbursement of the funding is conditional on Transnet achieving a series of agreed milestones, including the modernisation of core transport operations to improve service quality and reliability.
