South Africa’s Transnet gets $228 million financing from KfW

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

South Africa's state-run logistics and transport company Transnet has secured ZAR2.8 billion ($228 million) financing from Germany’s KfW Development Bank. The funds will be used as part payment on Transnet’s procurement of 240 electric locomotives from Bombardier Transportation.

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