SA gets massive rail investment

Russian rail rolling stock manufacturer Transmashholding (TMH) today launches a R500 million investment, through newly acquired subsidiary TMH Africa, to acquire a rail manufacturing facility.

TMH said the facility in Boksburg, east of Johannesburg, would be used to assemble, manufacture and service locomotives and other rolling stock for the African continent. TMH chief executive Jerome Boyet said SA’s rail sector had the required skills set and suppliers. – ANA