Empowerment partners for Prasa fleet renewal unveiled, Engineeringnews.co.za – Engineering News
Empowerment partners for Prasa fleet renewal unveiled, Engineeringnews.co.za – Engineering News
Transport Minister Dipuo Peters announced earlier this month that Khiphunyawo Rail, Community Rail Services and Elgin-Identity Rail Corporation would be the 30% broad-based black economic-empowerment (BBBEE) shareholders of Gibela Rail Transportation, which had secured a R51-billion rolling stock supply contract with the Passenger Rail Agency of South Africa (Prasa).
Gibela, comprising French multinational Alstom and local engineering company Actom, secured the first ten-year rolling stock supply contract, with delivery of the first of 3 600 trains in 2015.
The supply contract formed part of Prasa’s R123.5-billion rolling stock fleet renewal programme, which was funded by, among others, the Industrial Development Cor-poration and the National Empowerment Fund, and would be rolled out over 20 years.
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