Transnet Starts Work On $1.5B African Coal Rail Link

Law360, New York (January 12, 2012, 12:40 PM EST) -- Johannesburg's Transnet SOC Ltd. has broken ground on a $1.5 billion rail line that will run from Swaziland to a key South African port and will allow for 15 million more tons of coal to be exported, Transnet said Thursday.

The 146-km Swazilink rail line marks the first large-scale rail investment in South Africa in more than 30 years, Transnet said, adding the joint project with Swaziland Railway will also see upgrades made to adjacent rail networks in both countries.

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