Prasa looks at property equity partner

The state-owned Passenger Rail Agency of SA (Prasa-South Africa) is investigating the viability of a strategic equity partner for its extensive property portfolio valued at about R2.5bn (EUR 177.5 mln).
The aim would be to enhance the revenue from the portfolio to enable the agency to offer cheaper passenger rail services, Prasa CEO Lucky Montana said on Tuesday.
The agency’s property strategy is a key element of an overall drive to revitalise and modernise the business that operates Metrorail, the long-distance rail service and the Autopax bus company.

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