Posted on 26 June 2009
Despite the credit crisis, Transnet was able to raise R11.6 billion by issuing domestic bonds and local and international loans, acting chief executive Chris Wells reports. During the financial year ending on 31 March 2009, the group invested R19.4 billion, of which 56% was spent on expanding capacity and the rest on maintaining infrastructure [...] Continue Reading...
Posted on 19 June 2009
Transnet Rail Engineering took ownership of its first Wheel Drop System today. Africa’s first Wheel Drop System was installed at the Transnet Rail Engineering’s Bloemfontein Diesel Depot by Yale Engineering Products (Pty) ltd. This project is inline with Transnet Rail Engineering’s Lean Six Sigma productivity improvement programme, ensuring world class best operating practices. The Wheel Drop [...] Continue Reading...
Posted on 30 June 2009 by Station Master
At the IHHA conference in Shanghai, China GE’s Trip Optimizer product, presented by GE Technologist Chris McNally, won the International Heavy Haul Conference’s “Best Paper Award” in the category of Motive Power and Traction Systems. Optimal Contro To Save Fuel I Hha09 Rev4 View more documents from Railways and harbours . [...more]
Posted on 27 June 2009 by Station Master
Kenya is about to embark on a huge infrastructure project that will have major implications on geopolitical investments in the wider East African region and may even extend to Central and West Africa. The project is known simply as the Lamu Port Project and is scheduled to cost a whopping US$ 16 Billion. To understand [...] [...more]
Posted on 26 June 2009 by Station Master
South Africa’s Richards Bay Coal Terminal has said that completion of the Ra1.2B ($150M) expansion of its port facility has been postponed until the fourth quarter of this year from its scheduled completion target of 1 July. RBCT chief operating officer Raymond Chirwa said in a statement that contractors “will consider working double shifts” to make [...] [...more]
Posted on 26 June 2009 by Station Master
Richards Bay Coal Terminal has announced that Raymond Chirwa, its current chief operating officer, will take up the position as chief executive officer on the retirement of the current CEO Terry Howarth. The appointment is effective from 1 July 2009. Mr Howarth will remain an executive director of RBCT until his retirement date of 31 December [...] [...more]
Posted on 26 June 2009 by Station Master
Dear Reader, It is with regret that we cannot bring you coverage of the latest Africa Rail event, as the organizers Terrapinn see no value in our endeavours. [...more]
Posted on 26 June 2009 by Railways Africa Editor
Acting chief executive Chris Wells says Transnet is committed to continuing its R80.5 billion capital investment programme, despite the economic crisis and lower net profits. He confirms the group’s capacity to raise the funds needed for its infrastructure development. It is about to launch a global medium-term note programme, providing access to US and [...] [...more]
