Item 1

Espresso – 4/2023

Government Approves a R47 Billion Guarantee Facility in Support of Transnet’s Recovery Plan

Noteholders are advised that on 01 December 2023, the Minister of Finance announced that he has concurred with the Minister of Public Enterprises to issue Transnet with a R47 billion guarantee facility in support of Transnet’s Recovery Plan. The guarantee facility is effective immediately and will assist Transnet to raise the required funding for debt redemptions and liquidity requirements as part of the Recovery Plan communicated to noteholders on 26 October 2023.

PRASA: Update on Long-distance Passenger Rail Services

The Passenger Rail Agency of South Africa (PRASA) has received additional locomotives from Transnet to address the impact of unreliable old locomotives that disrupted some of the trips on the recently reintroduced Mainline Passenger Services (MLPS).

PRASA and Transnet are also working closely to ensure effective mitigations are in place to ensure trains will reliably arrive at their destinations.

A revised timetable has been drawn up that reflects the impact of the operational challenges experienced in the first week since the service was returned.

Revival of Railways in Senegal: Visit of Belgian Partners to SNCFS

As part of efforts to revitalise railway operations, the CEO of SNCFS recently hosted a delegation from a Belgian company, Future Resources, which operates in 33 countries. The meeting focused on exploring partnership opportunities aimed at enhancing the efficiency of rail traffic. A key agenda item was the commitment from the Belgian firm to reconstruct level crossings throughout the network. In addition, representatives from Future Resources seized the opportunity to tour the train maintenance centre in Thies, gaining insights into the local operational capabilities. A separate session was held for the evaluation and follow-up of the works undertaken by CFS in Kaffrine. This meeting included a comprehensive discussion with all involved stakeholders, emphasising collaboration and progress assessment in the ongoing railway projects.

Kenya: Construction Of The Riruta-Ngong Commuter Rail Line

Friday, 15 December 2023, marked the official inauguration of the construction of the Riruta-Ngong Commuter Rail Line at Vet Farm in Ngong. This 12.5 km railway line will feature four stations: Riruta, Karen, Bulbul, and Ngong, starting from the existing Metre Gauge line near the Riruta area. The completion of the Riruta-Ngong Commuter Corridor is poised to enhance the railway network and significantly improve connectivity within the Nairobi Metropolitan Region (NMR), helping to alleviate traffic congestion along the Ngong-Karen route and its surrounding areas.

The modernisation of the Nairobi Commuter Rail service is a key part of a wider initiative, which includes the revitalisation of other key railway lines in the region. Kenya Railways remains committed to providing affordable and reliable transport solutions to the people of Kenya and the larger Great Lakes Region.

The ceremonial tightening of the nut by a high-ranking official marked the commencement of the project’s construction. The event was attended by various dignitaries, including government officials, local leaders, and senior management from Kenya Railways. Their presence underscored the significance of this project in the ongoing development of the country’s transportation infrastructure.

Item 2

Contributor:

Item 2

Contributor:

Government Approves a R47 Billion Guarantee Facility in Support of Transnet’s Recovery Plan

Noteholders are advised that on 01 December 2023, the Minister of Finance announced that he has concurred with the Minister of Public Enterprises to issue Transnet with a R47 billion guarantee facility in support of Transnet’s Recovery Plan. The guarantee facility is effective immediately and will assist Transnet to raise the required funding for debt redemptions and liquidity requirements as part of the Recovery Plan communicated to noteholders on 26 October 2023.

PRASA: Update on Long-distance Passenger Rail Services

The Passenger Rail Agency of South Africa (PRASA) has received additional locomotives from Transnet to address the impact of unreliable old locomotives that disrupted some of the trips on the recently reintroduced Mainline Passenger Services (MLPS).

PRASA and Transnet are also working closely to ensure effective mitigations are in place to ensure trains will reliably arrive at their destinations.

A revised timetable has been drawn up that reflects the impact of the operational challenges experienced in the first week since the service was returned.

Revival of Railways in Senegal: Visit of Belgian Partners to SNCFS

As part of efforts to revitalise railway operations, the CEO of SNCFS recently hosted a delegation from a Belgian company, Future Resources, which operates in 33 countries. The meeting focused on exploring partnership opportunities aimed at enhancing the efficiency of rail traffic. A key agenda item was the commitment from the Belgian firm to reconstruct level crossings throughout the network. In addition, representatives from Future Resources seized the opportunity to tour the train maintenance centre in Thies, gaining insights into the local operational capabilities. A separate session was held for the evaluation and follow-up of the works undertaken by CFS in Kaffrine. This meeting included a comprehensive discussion with all involved stakeholders, emphasising collaboration and progress assessment in the ongoing railway projects.

Kenya: Construction Of The Riruta-Ngong Commuter Rail Line

Friday, 15 December 2023, marked the official inauguration of the construction of the Riruta-Ngong Commuter Rail Line at Vet Farm in Ngong. This 12.5 km railway line will feature four stations: Riruta, Karen, Bulbul, and Ngong, starting from the existing Metre Gauge line near the Riruta area. The completion of the Riruta-Ngong Commuter Corridor is poised to enhance the railway network and significantly improve connectivity within the Nairobi Metropolitan Region (NMR), helping to alleviate traffic congestion along the Ngong-Karen route and its surrounding areas.

The modernisation of the Nairobi Commuter Rail service is a key part of a wider initiative, which includes the revitalisation of other key railway lines in the region. Kenya Railways remains committed to providing affordable and reliable transport solutions to the people of Kenya and the larger Great Lakes Region.

The ceremonial tightening of the nut by a high-ranking official marked the commencement of the project’s construction. The event was attended by various dignitaries, including government officials, local leaders, and senior management from Kenya Railways. Their presence underscored the significance of this project in the ongoing development of the country’s transportation infrastructure.

Espresso – 4/2023

Government Approves a R47 Billion Guarantee Facility in Support of Transnet’s Recovery Plan

PRASA: Update on Long-distance Passenger Rail Services

Revival of Railways in Senegal: Visit of Belgian Partners to SNCFS

Kenya: Construction Of The Riruta-Ngong Commuter Rail Line

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Government Approves a R47 Billion Guarantee Facility in Support of Transnet’s Recovery Plan

PRASA: Update on Long-distance Passenger Rail Services

Revival of Railways in Senegal: Visit of Belgian Partners to SNCFS

Kenya: Construction Of The Riruta-Ngong Commuter Rail Line

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