South Africa’s Department of Transport Seeks Support for Interim Rail Economic Regulatory Capacity Development
The Department of Transport recently issued a call for the provision of Project Management Support services to the Interim Rail Economic Regulatory Capacity (IRERC) for a period of twelve months.
The IRERC operates under the guidance of a Ministerial Task Team; however, it does not have statutory powers to regulate the railway industry. According to the introduction in the RFP, the main objectives of the IRERC are to develop skills and capacity in the area of rail economic regulation, collect data on the structure and performance of the rail industry, and research and make concrete recommendations on the future scope and design of economic regulation in the rail transport sector.
The IRERC includes representatives from the Department of Transport (DOT), Department of Public Enterprises (DPE), and National Treasury (NT) and will work in collaboration with key affected stakeholders such as Transnet Freight Rail (TFR), Passenger Rail of South Africa (PRASA), Railway Safety Regulator (RSR), and industry bodies representing the private sector to gain input that can constructively shape the economic regulatory environment for the rail sector.
The IRERC forms part of a wider process that will lead to the establishment of a comprehensive Transport Economic Regulator (TER), with a legislative mandate.
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