Transnet has received about R51 billion for its capital investment program and to enable it to meet its debt obligations.
Barbara Creecy, the Minister of Transport, announced on Wednesday this week.
Creecy said interim solutions to meet capital investment needs by the entity, are project based applications to the Budget Facility for Infrastructure. Transnet is also working with National Treasury and the Presidency to develop a joint collaboration and funding policy to support immediate capital improvements by the private sector in priority freight corridors.
The financial support package provided for the entity is a R41 billion guarantee facility for its funding requirements over for the 2025/26 and the 2026/27 financial years. This package also includes a R10 billion guarantee for its liquidity management.
She also said the railway entity had succeeded in moving the equivalent of 161 million tons of freight on its rail network, at the end of March 2025. In December 2024, the entity released the 2024/25 Network Statement, which facilitates private sector operators on freight rail. Announcements of the first successful bidders are expected by the end of July.
In March, the Department of Transport issued a Request for Information for private investors on five key freight corridors and associated ports with the intention of promoting private investment in the Transnet infrastructure while the network remains state owned The RFI closes on 31 May, and Transnet is expected to issue requests for proposals by September this year.