{"id":13234,"date":"2014-03-19T05:08:28","date_gmt":"2014-03-19T05:08:28","guid":{"rendered":"https:\/\/new.igihe.com\/s-africa-awards-us-4-7-billion-locomotive-supply\/"},"modified":"2014-03-19T05:08:16","modified_gmt":"2014-03-19T05:08:16","slug":"s-africa-awards-us-4-7-billion-locomotive-supply","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/s-africa-awards-us-4-7-billion-locomotive-supply\/","title":{"rendered":"S.Africa Awards US$4.7 billion Locomotive Supply Contract"},"content":{"rendered":"

{{South Africa\u2019s state-owned freight transport and logistics company, Transnet, has awarded a R50bn (US$4.7bn) contract for the building of 1,064 locomotives to four global original equipment manufacturers (OEMs).}}<\/p>\n

Transnet said it has awarded CSR Zhuzhou Electric Locomotive and Bombardier Transportation South Africa contracts for the supply of 599 electric locomotives, while GE South Africa Technologies and CNR Rolling Stock South Africa will build and supply 465 diesel locomotives.<\/p>\n

The multi-billion dollar acquisition is South Africa\u2019s single biggest infrastructure investment initiative by a corporate, Transnet said.<\/p>\n

Brian Molefe, chief executive of Transnet Group, commented, \u201cThis marks a significant milestone in the company\u2019s history together with substantial socio-economic benefits for South Africa.<\/p>\n

\u201cThe drive to modernise our fleet is intended to improve reliability and availability of locomotives. This will improve customer satisfaction, ultimately leading to our crucial goal of road-to-rail migration of cargo in line with government\u2019s objectives,\u201d he added. <\/p>\n

According to Transnet, the award has stringent local content, skills development and training commitments as dictated by the Supplier Development Programme, a government initiative led by South Africa\u2019s Ministry of Public Enterprises.<\/p>\n

In line with the country\u2019s commitment to boost its manufacturing capacity, the majority of the locomotives will be built at Transnet Engineering\u2019s plants in Koedoespoort, Pretoria and Durban, driving South Africa\u2019s regional integration objectives, Transnet said.<\/p>\n

Transnet Engineering\u2019s role in the agreement has been defined to ensure that it transforms into an OEM over time, sharing approximately 16% of the total build programme, about a third of which will be outsourced to local emerging engineering and manufacturing firms, the company said.<\/p>\n

In total, the localisation elements are expected to contribute more than R90 billion (US$8.3bn) to the economy, it added.<\/p>\n

\u201cThis transaction is intended to transform the South African rail industry by growing existing small businesses and creating new ones. We are going to create and preserve approximately 30,000 jobs,\u201d Molefe said.<\/p>\n

The suppliers have complied with and exceeded the minimum local content criteria for rolling stock of 60% for electric locomotives and 55% for diesel locomotives, Transnet said.<\/p>\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

{{South Africa\u2019s state-owned freight transport and logistics company, Transnet, has awarded a R50bn (US$4.7bn) contract for the building of 1,064 locomotives to four global original equipment manufacturers (OEMs).}} Transnet said it has awarded CSR Zhuzhou Electric Locomotive and Bombardier Transportation South Africa contracts for the supply of 599 electric locomotives, while GE South Africa Technologies […]<\/p>\n","protected":false},"author":2,"featured_media":2000051030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[100],"byline":[170],"hashtag":[],"class_list":["post-13234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-africa","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000051030,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13234.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=13234"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000051030"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=13234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=13234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=13234"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=13234"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=13234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}