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Prasa reveals future project
The Passenger Rail Agency of South Africa (PRASA) said its plans for a multi-billion rand overhaul of the...
The Passenger Rail Agency of South Africa (PRASA) said its plans for a multi-billion rand overhaul of the rail network were in line with promises made by President Jacob Zuma during his State of the Nation Address (SONA).
The organisation on Tuesday outlined some details around its project which includes buying 7,200 new coaches over a 20-year period.
PRASA's Piet Sebola said by March, the agency would be ready to approach the market and start issuing tenders for the required work.
He said as many as 65,000 jobs could be created during the revamp and believed the years ahead would herald a new era for the industry.
“We have made so much progress in making sure that the acquisition of modern trains in South Africa becomes a reality.”
The revamp is due to start in 2015 and will cost a total of R136 billion.
More details around funding are likely to emerge during next week's budget speech.
(Edited by Clare Matthes)