JOHANNESBURG - It’s one of the biggest financial missteps in South Africa’s recent transport history.
The Passenger Rail Agency of South Africa spent R2.5 billion on refurbishing trains, but many of them remain unused, sitting idle or discarded.
READ: PRASA calls for property developers to take up spaces near stations
Now, as PRASA considers cancelling the contracts tied to this R7.5 billion project top legal experts are warning: it may not be that simple.
Terminating these deals could open the door to massive legal and financial consequences.
- Mesela Nhlapo, CEO of the African Rail Industry Association, helps us unpack the implications for the rail sector, public funds, and the future of commuter rail in South Africa.