Tender For Transnet SPV For Rolling Stock Leasing Company To Be Re-Issued Before End Of Year

In April 2023, Transnet issued a tender for a private sector partner with experience in leasing capabilities and access to financial resources, with whom to partner in establishing a rolling stock leasing company. The objective of the transaction was to find a partner with access to financial resources and leasing capabilities to work with Transnet Engineering (TE) to establish a new company to develop market opportunities for capital assets leasing and to provide the emerging train operator market with access to leased rolling stock.

Due to certain non-compliances in the RFP process, Transnet has had to cancel the transaction and re-issue the tender to the market to ensure compliance with all relevant legislative requirements. Transnet will endeavour to reissue the RFP to the market by no later than December 2024.