TransNamib CEO Hippy Tjivikua has said it will cost about N$15 billion ($1.2 billion) to upgrade the country’s rail infrastructure.Tjivikua told media at the 2017 Mining Expo on Thursday that the national railway entity requires an additional N$3 billion ($225 million) for the maintenance of the rolling stock – that includes locomotives, carriages, wagons, or other vehicles used on a railway.
He appealed to the private sector, especially the mining industry to assist.
“Funding is not available, hence my appeal to the private sector to come on board and assist through investing huge amounts of money,” he said.
TransNamib locomotives have reached their lifespan, which is the cause of train derailment across the country.
The company last month launched six new locomotives bought from Brazil, 90 sulphuric acid tankers and two reach stackers.