Progress Rail locomotives delivered to Tunisia
Egypt secures $1.2 bln from China EximBank for light rail to new capital -minister
Egypt Train Timetables
Alstom train makes first run in Dakar
First section of Dakar’s Regional Express Train is completed
Four killed and hundreds injured as trains collide in Pretoria, South Africa
Locomotives delivered to Tunisia
ENGIE Ineo, Thales complete first section of Dakar rail route in Senegal
Rwanda and Tanzania to expedite cross-border railway project
Nigeria plans railway northwards to Niger
Transmashholding completed its previously-announced acquisition of the DCD Rolling Stock plant in Boksburg from DCD Group on October 29.
‘We are very proud of closing this deal’, said Martin Vaujour, CEO of the Russian group’s overseas business development unit TMH International. ‘This is a major milestone in our investment strategy to create local champions in our markets. Boksburg becomes the TMH Group narrow gauge industrial site, and we are looking forward to serving customers worldwide from our African setup for both services and sub-assembly manufacturing.’
The plant has been acquired by the TMH Africa joint venture of TMH (70%) and its black economic empowerment partner Mjisa Investments (30%). TMH said it wanted to contribute towards an inclusive economy through job creation and skills development in line with key priorities under South Africa’s national development plan.
TMH hopes that the plant will become ‘Africa’s gateway production site’, undertaking the assembly, maintenance and refurbishment of diesel and electric locomotives as well as rolling stock for customers across the continent.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.