African Rail Association welcomes R5 billion Transnet loan

Giraffes along waterhole with reflection in Kruger National Park, South Africa.
Avbob Investment Plan
JOHANNESBURG – The African Rail Industry Association has welcomed the five billion rand loan granted to Transnet.
The Association says this is a crucial investment towards the long-needed recovery and modernisation of South Africa’s rail network.
READ: SA’s Broken Infrastructure | Transnet to be revived
Around R150 billion is required to fully restore our rail network.  
The Association’s CEO Mesela Nhlapo had a discussion with eNCA.