Namibia’s state-owned railway company, TransNamib, needs approximately NAD 15 billion (USD 1.2 billion) to improve the country’s rail infrastructure, TransNamib’s CEO, Hippy Tjivikua said.
Tjivikua also said that the national railway company needed USD 225 million for rolling stock maintenance – which includes locomotives, railcars or other vehicles used on a railway.
He appealed to the private sector, particularly the mining industry, to assist TransNamib.”There is no funding available, so I ask the private sector to join us and help us by investing large sums of money,” he said.
TransNamib locomotives have reached their maximum lifespan, which is causing train derailments across the country. The company launched into commercial six new locomotives purchased in Brazil last month, 90 sulfuric acid tankers and two forklift trucks.
Photo: http://africanbusinessmagazine.com
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