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23
Jun
2015
Transnet secures R2.8bn loan from KfWBy:RAIL Freight logistics group Transnet has secured a R2.8-billion loan from Germany’s KfW Development Bank to fund part of its 1064 locomotives acquisition programme. Transnet would use the proceeds to fund the acquisition of 240 electric locomotives to be built in cooperation with Bombardier Transportation at Transnet’s manufacturing facilities in Durban.
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