TITLE

Funding crisis hits home

PUB. DATE
October 2010
SOURCE
Railway Gazette International;Oct2010, Vol. 166 Issue 10, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the financial crisis being faced by the Passenger Rail Agency for South Africa (PRASA). PRASA operates Metrorail and Shosholoza Meyl, which are the former commuter division of Transnet. Although Transnet cross-subsidized the passenger operating losses through its freight business, the Department of Transport (DoT) has not allocated funds. Suppliers have complained that PRASA payments are being delayed.
ACCESSION #
55333540

 

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