[Momzambique] Transent enters $ 23 million deal with railway operator CFM to supply 300 wagons
Transnet Engineering and Mozambican state-owned railway operator Caminhos De Ferros De Mocambique (CFM) have signed a rolling stock supply agreement valued at over R400 million as part of efforts to strengthen regional integration and the revitalisation of the Mozambique railway industries.
Under the terms of the agreement, TE will supply 300 freight wagons to CFM. The wagons will be manufactured at the TE Bloemfontein centre, creating local supply opportunities.
This transaction follows the delivery by TE of over 300 locally manufactured freight wagons to CFM in December last year.
“The successful conclusion of this agreement with CFM is part of a bigger narrative of Transnet’s vision to grow its footprint in Africa – and showcase TE as a serious player in rolling stock manufacturing in sub-Saharan Africa,” said chief executive Ralph Mills of Transnet Engineering.
At the core of the agreement is the manufacture, supply and delivery of 300 high-sided Gondola-type freight wagons to CFM.