Transnet joins with neighbours to grow coal line

TRANSNET had agreed to a deal with Mozambique and Swaziland to boost rail co-operation and ease the delivery of coal exports through harbours to India and Brazil, the state-owned rail and port operator said yesterday. Logistics utilities from the three countries had agreed to manage a joint operating centre from Maputo, Transnet said. The entity will oversee the freight rail route to Maputo through Swaziland and linking to Richards Bay Coal Terminal. “The Maputo corridor is set to grow rapidly,” Transnet said. “A double-digit percentage cargo growth is expected at the Maputo ports over the next three years.” Transnet, Caminhos de Ferro de Mocambique, Swaziland Railway and the Maputo Port Development Corporation are the four government-owned companies included in the agreement. – Bloomberg