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Ceremony launches Swazilink rail project

Ceremony launches Swazilink rail project

AFRICA: A sod-turning on January 12 ceremonially launched work to develop a 146 km rail connection between Lothair in South Africa and Sidvokodvo Junction in Swaziland.

The Swazilink project includes upgrading of the existing lines at each end. This will provide landlocked Swaziland with a direct western rail connection with South Africa, and create a new though route to enable general freight to be diverted away from South African operator Transnet's line to the Port of Richards Bay, freeing capacity on the existing route for increased coal exports. 

The first train is expected to run on the new route via Swaziland in three years, however land still needs to be acquired and environmental approvals obtained. The total cost of the project is put at between R15bn and R17bn, of which up to R12bn will be met by South Africa. 

'This project is vitally important for a number of reasons', said Transnet Group Chief Executive Brian Molefe at the launch ceremony. 'When complete, this new line will create additional capacity of 15 million tonnes, which will predominantly be general freight volumes from the existing coal export line. Given the configuration of coal trains - 200 wagons - we expect that significant capacity will be made available for export coal.' 

Transnet is also developing plans for a rail link to South Africa's Waterberg coalfield for completion by 2016

 

Africa in the News: AU won’t deploy troops to Burundi, South Africa’s and Zimbabwe’s growth forecasts lowered, and Nigeria has a rough week

Africa in the News: AU won’t deploy troops to Burundi, South Africa’s and Zimbabwe’s growth forecasts lowered, and Nigeria has a rough week

At its annual summit, the African Union reverses its position on deploying troops to Burundi in favor of a high-level negotiating delegation

Security challenges, including...

Italian Premier Matteo Renzi to address Ghana’s Parliament Italian Prime minister Matteo Renzi will address Ghana’s parliament next week, Speaker of the House Doe Adjaho told members Tuesday. The Italian premier is visiting Ghana to explore trade and inv

Italian Premier Matteo Renzi to address Ghana’s Parliament Italian Prime minister Matteo Renzi will address Ghana’s parliament next week, Speaker of the House Doe Adjaho told members Tuesday.  The Italian premier is visiting Ghana to explore trade and inv

Italian Prime minister Matteo Renzi will address Ghana’s parliament next week, Speaker of the House Doe Adjaho told members Tuesday.


The Italian premier is visiting Ghana ...

Ghana sees sharp drop in growth

Ghana sees sharp drop in growth

Ghana's unadjusted gross domestic product (GDP) growth stood at 3.6 percent year-on-year including oil in the third quarter of 2015, the statistics office said on Wednesd...

MOZAMBIQUE’S ECONOMY DRIFTS ON TO THE ROCKS…

MOZAMBIQUE’S ECONOMY DRIFTS ON TO THE ROCKS…

By:   Imara Africa Securities

This report was written by Imara Africa Securities. Imara serves African markets and promotes investing on the continent. Its funds under manag...

China Prepares for Africa Summit The Forum on China-Africa Cooperation Summit is being held this week.

  China Prepares for Africa Summit  The Forum on China-Africa Cooperation Summit is being held this week.

Perceptions of   China’s role in Africa   have been mixed. The nation has been   viewed as imperialist and a supporter of dictatorships by some , and as a benefactor and promote...

THE DEAD PORT THAT ROSE AGAIN

THE DEAD PORT THAT ROSE AGAIN

By:   Jay Caboz

For centuries, the Port of Maputo was a rich gateway between Africa and the trade winds of the open seas. In years of civil war and crumbling decline, the po...

Last Updated ( Saturday, 14 November 2015 15:34 )

Morocco advances on regional port projects

Morocco advances on regional port projects

In a bid to spur wider economic growth and keep pace with regional trade, the kingdom is investing substantially in its port infrastructure.

Speaking at the Port Finance I...

Last Updated ( Thursday, 29 October 2015 16:49 )

ICC Tunisia Honorary Chairman receives Nobel Peace Prize 2015

ICC Tunisia Honorary Chairman receives Nobel Peace Prize 2015

The International Chamber of Commerce (ICC) congratulates Wided Bouchamaoui, Honorary Chairman of ICC Tunisia and President of the Tunisian Confederation of Industry, Tra...

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