By Desie Heita Vastra, Sweden TransNamib has invited Swedish companies to partner the State-owned transport company in its US$1 billion refurbishment exercise that would poise it to compete on an equal footing with the world's transporters. Newly appointed Chief Executive Officer for Trans-Namib, Titus Haimbili, said the parastatal needs to upgrade its infrastructure to handle 18,5 tonnes axle load at 80 km per hour, from the current 40 km per hour, at a cost of US$564 million in new railroads. It also needs to invest US$15 million in the refurbishment of 30 locomotives within the next three years and to purchase 10 new locomotives at an estimated cost of US$17 million. The total estimated cost for the revamping of infrastructure, establishing and constructing new railroads, new coaches for passengers and wagons, comes to around US$1?
2008-06-12 00:00:00 10 years ago