Transnet Halts Plan to Allow Private Companies to Operate Key Rail Line
- Ports, rail firm was seeking partners on biggest line
- Legislative changes have prompted Transnet rethink on process
Transnet freight locomotives.
Photographer: Guillem Sartorio/BloombergThis article is for subscribers only.
South Africa’s state-owned ports and rail company withdrew a request for quotes for an operating lease on a freight-rail artery that connects its biggest port with its industrial hub, because changes in the nation’s transport policy have affected the scope of the project.
Transnet SOC Ltd. first issued the call for private-sector partners on the so-called Container Corridor linking Durban with Johannesburg on Jan. 27, it said in a statement Thursday.