Transnet Electric Locomotive

Transnet: 1,064 locomotives, $5 billion

Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa Technologies (a unit of U.S.-based GE Transportation), CNR Rolling Stock South Africa (Pty.) Ltd., CSR Zhuzhou Electric Locomotive, and Bombardier Transportation South Africa. The acquisition is the largest-ever locomotive supply contract in South Africa’s history and the single-biggest investment initiative by a South African corporation.