Perspective
04 June 2015
Transnet secures $2.4 billion from China Development Bank
Region:
Middle East & Africa
South Africa's state-run logistics and transport company Transnet has secured a ZAR30 billion ($2.4 billion) loan agreement with the China Development Bank (CDB). The funds will be used to purchase of 232 diesel and 359 electric locomotives from China North Rail (CNR) and China South Rail (SCR) respectively.
