Transnet Engineering signs a historic rolling stock supply agreement to deliver 300 freight wagons to Mozambican rail operator (CFM).
Transnet Engineering and Caminhos De Ferros De Mocambique (CFM), a Mozambican state owned railway operator signed a rolling stock supply agreement valued at over R400 million as part of efforts to strengthen regional integration and the revitalization of the Mozambique railway industries. At the heart of this agreement is the manufacture, supply and delivery of 300 high- sided Gondola type freight wagons to CFM.
This transaction follows an earlier successful delivery by Transnet Engineering (TE) of over 300 locally manufactured freight wagons to CFM in December 2019. This repeat purchase by CFM further strengthens the business relationship between these two entities, and is a demonstration of confidence in TE’s manufacturing capabilities as an independent Original Equipment Manufacturer (OEM).
“Our long standing partnership with CFM is a source of great pride for us especially the opportunity to meaningfully contribute to Mozambique’s programme of action, igniting economic opportunities and providing support to CFM recapitalisation project” says Ralph Mills, Transnet Engineering Chief Executive.
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-Sahara Africa.
These wagons will be manufactured at the TE Bloemfontein centre, creating local supply opportunities.
