Transnet Announces Major R127 Billion Infrastructure Modernization Plan
Transnet, South Africa’s state-owned logistics company, has unveiled plans to invest R127-billion in infrastructure modernization over the next five years. The investment will target rail line upgrades and port improvements to address aging infrastructure challenges. Company leadership indicates they will seek market partners and private sector collaboration for funding and implementation.
Major Infrastructure Investment Plan
South Africa’s state-owned freight and logistics company Transnet plans to invest R127-billion over five years on modernizing rail lines and upgrading ports, according to company reports. Chief Executive Michelle Phillips announced the substantial infrastructure investment plan at the South Africa Tomorrow Investor conference, signaling a major push to revitalize the country’s logistics network.
