RIVE orders new locomotives
NewsParis-based RIVE Private Investment has secured €300M in bank financing for the acquisition of 55 ‘innovative’ railway locomotives from three different manufacturers.
Although it had been widely accepted that the government of South Africa would provide transport utility Transnet with no further financial support this year, it has now agreed to provide a ZAR47B (US$2.49B) guarantee facility. The money will enable Transnet to continue operating.
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