following the General Electric Company’s pull out from the project in line with
its strategy to exit the transportation business.
negotiated by Transnet and its consortium partners” including SinoHydro of
China and , the Boston,
Massachusetts-based company said in an emailed response to questions. GE will
focus on infrastructure development in Nigeria in areas such as health care and
power, it said.
April to proceed with the of
the narrow-gauge concession that is expected to grow freight haulage capacity
in the country ten-fold to 500,000 metric tons annually.
said. “We have confidence in their ability and that of the other consortium
members to execute on the rail concession project successfully.”
decades of government control as authorities seek to boost infrastructure in
the country that vies with South Africa as Africa’s biggest economy.