Transnet signs MoU with CSR Zhuzhou Electric Locomotive
Published: Tue, 2014-12-09 09:00Transnet has signed a memorandum of understanding (MoU) with China’s CSR Zhuzhou Electric Locomotive to explore opportunities for production and maintenance of electric locomotives as well as rail equipment and components for South African market.
The South African railway company will enter into a joint venture with CSR Zhuzhou Electric Locomotive. At the initial stage, Transnet will provide its manufacturing facilities while CSR will offer technology support to start manufacturing and maintenance of locomotives and core railway components.
Both the companies are expected to collarborate for establishment of a R&D facility, manufacturing plants, training centre and refurbishment and manufacturing plant.
In addition, Transnet will also explore opportunities for free trade agreements between South Africa and China.