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Traxtion takes first delivery of multi-billion Rand train order
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Local railway company Traxtion has revealed that, over the weekend, it took delivery of eight Wabtec C28 locomotives, which represents the first fulfilment of four more shipments totalling billions of Rands.
Coming from New Zealand, the vehicles arrived at the Port of Durban, where they will now continue on to the Traxtion Rail Services Hub in Pretoria.
“The arrival marks the first of four planned shipments that will see 46 locomotives introduced over the next two years.
The program includes the planned acquisition of 920 wagons for a further R1.6 billion, marking a total planned investment of R3.4 billion.
Traxtion announced in May the successful close of a R1.5 billion equity subscription underwritten by Harith, Stanlib and Standard Bank,” a press release reads.