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RZD Signed MOU with Transnet
July 15, 2016
OAO RZD signed a Memorandum of Understanding with South African Transnet, the Gudok reports. The document was signed by OAO RZD President Oleg Belozerov and Transnet Acting CEO Siyabonga Gama.
Under the MOU Transnet would consider using Russian track machines and locomotives, including those designed for heavy haul operation. Furthermore, the parties would exchange experience and information on rail infrastructure modernization to increase operational speeds at the South African railways.
“OAO RZD and Transnet Ltd. are multi-industry companies, we have a lot in common - for example, a lot of freight is delivered to ports; we both have combined freight and passenger operation”, Mr. Belozerov commented.