South Africa $35 Billion Rail Plan to Unlock Minerals
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South Africa is pumping 300 billion rand ($35.6 billion) into expanding and improving its railways, ports and fuel pipelines, a catalyst to help unlock the world’s greatest mineral wealth.
Transnet SOC Ltd., the state transport company, is extending its rail network for the first time in four decades and replacing locomotives bought in the 1960s and 1970s. Championed by President Jacob Zuma, the plan will let Transnet double its freight capacity within seven years, boost the amount of coal it can carry by 44 percent and increase iron ore carriage by 57 percent.