Thelo Rolling Stock (Thelo) signed a contract with Swaziland Railway that worth USD 17.325M fur furnish four locomotives and 75 iron ore wagons on a 10-year lease, which is aimed at bolstering Swaziland’s infrastructure goals.
This transaction is among the many others of this nature to be facilitated by Thelo, an entrepreneurial South African company. The Swaziland Rail Link was formalised through the signing of the Inter- Governmental Memorandum of Understanding (MOU) between the South African and Swaziland governments in August 2012, while the signing of the Inter Rail MOU by Transnet Freight Rail (TFR) and Swaziland Railway (SR) was conducted in November 2012. In addition, the two railways have a bi-lateral agreement for traffic on the North South Corridor conveying magnetite and other exports from Phalaborwa to Richards Bay via Swaziland. The four locomotives and 75 ore wagons will be deployed on this North South corridor.
The key objectives of the Swaziland Rail projects are to enhance regional integration, provide viable connections for rail freight from Northern and Western Swaziland to markets in South Africa and provide Transnet with additional capacity on the corridor for valuable exports through Maputo and Richards Bay Ports.
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