Transnet seeks partner to establish rolling stock leasing company | CLOSING DATE: 30 JUNE
[Johannesburg, 4 April 2023]
Transnet Engineering (TE), an Operating Division of Transnet SOC Ltd. (Transnet), seeks to establish a leasing company to lease rolling stock – including wagons and locomotives – to the market in response to domestic and regional demand.
By establishing a leasing company in accordance with the policy directive for rail reform, a more enabling environment will be created by lowering entry barriers for new Train Operating Companies (TOCs), who will utilize available slots in accordance with the policy regime for third parties.
By leasing, Transnet Engineering aims to grow and diversify its revenue sources, as well as drive demand for its core manufacturing, re-manufacturing, maintenance, and engineering services.
Accordingly, TE has invited the market to respond to its Request for Proposals, issued on 4 April 2023 and closing on 30 June 2023.
The scope of the partnership includes the following:
- Acquisition of capital assets.
- The development of leasing capabilities for rolling stock and port equipment in South Africa.
- Leasing rolling stock assets in South Africa and to markets outside of South Africa.
- Development of business opportunities.
- Ensuring that the capital assets are well maintained and available for leasing to customers.
The RFP is published on the National Treasury’s e-tender portal: https://www.etenders.gov.za/Home/opportunities?id=1 land on the Transnet website: https://transnetetenders.azurewebsites.net/Home/TenderDetaiIs?Id=19592
