Transnet has increased its capital investment by 66.8% to R18.7b (EUR 1.3b) in its road-rail programme, aimed at transferring the majore volume of cargo from road to rail network.
The success of the road-to-rail programme has been confirmed by the company’s growth in revenue and profit over the six months to September 30, driven by the growth in volumes of automotives and containers on rail.
Revenue for the period increased by 6.4% due to a 14.3% increase in automotive and container volumes on rail and a 13.2% rise in minerals and chrome volumes.
Containers on rail have grown 109% over the period, which took about 525 000 trucks off the country’s roads per year, as well as recording 127 000 t in carbon emission reduction.
Source: engineeringnews.co.za
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