SOUTH African state-owned freight company Transnet established a unit that will manage and operate its rail network, a key step in reviving the utility’s performance and opening up the market to private investors.
The creation of the so-called interim infrastructure manager is part of a government policy to bring in “radical structural reforms in the sector that are intended to enable and facilitate private sector investment,” acting Chief Executive Officer Michelle Phillips said in a statement on Wednesday. “The policy aims to liberalise the rail sector by regulating rail infrastructure and providing private train operating companies with access to the freight rail network,” she said. Bloomberg