Why Traxtion Is Sinking Billions Into Creecy’s Freight Rail Reform Project

Why Traxtion is sinking billions into Creecy’s freight rail reform project

The biggest freight rail investment by a private company in the country’s history isn’t a silver bullet to fix Transnet’s headaches, but Traxtion CEO James Holley believes it could (should) unlock more funding.

Private rail company confirms R3.4bn rolling stock investment to boost capacity, jobs - KZN Industrial Business News

TRAXTION confirmed yesterday that it is concluding a R3.4 billion rolling stock investment programme to expand freight capacity and support South Africa’s rail reform agenda. The programme, comprising R1.8 billion in locomotives and R1.6 billion in wagons, is the largest private freight rail investment in South Africa’s history in terms of fleet size and value, with a minimum 60% local content target and 662 direct jobs projected during build an…

SA cements largest private freight rail investment

Rail freight service provider Traxtion has confirmed finalising a R3.4 billion rolling stock investment programme aimed at expanding freight capaci…