The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Germany supports Transnet: EUR 200 million for 240 electric locomotives


June 23, 2015

  • Germany supports South Africa’s shift from road to rail with almost 3 billion Rand.
  • Local production: Up to 15.000 jobs created. Control technology from Germany
  • Modern locomotives in South Africa and less road transport will significantly reduce CO2 emissions

In the presence of German Ambassador Dr. Freitag, KfW Development Bank and South Africa's state-run logistics company Transnet signed contracts on a promotional loan of EUR 200 million (about 2.8 bn Rand). The loan will facilitate the procurement of 240 electric locomotives. The German Federal Government has issued a partial guarantee for the loan.

“We were deeply impressed when Transnet announced a R50 billion investment to manufacture more than 1 000 electric locomotives“ said Ambassador Dr. Horst Freitag on the occasion. “Logistics is not everything. But without good logistics, everything is nothing."

Germany supports South Africa's strategy to increase the efficiency and capacity of its freight transport sector, aiming for a modal shift from road to rail. This will reduce CO2 emissions and make an important contribution to protecting the climate. The production of the locomotives in Durban will create up to 15,000 new South African jobs.

The control technology will come from Bombardier in Germany.

KfW development is acting on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

German Embassy Pretoria

 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.