Saturday, June 7, 2008
Paving rails to africa
RITES eyes opportunities in South Africa (Lead)
By Fakir Hassen
Johannesburg, June 6 (IANS) RITES Ltd, the consultancy arm of the Indian Railways, is in talks with South African railway authorities to develop tailor-made solutions for their requirements, a senior RITES official said. "We have been in exploratory talks with them in certain areas," Sumit Sinha, executive director of RITES' expotech division, told IANS Friday on the sidelines of the three-day annual Africa Rail conference here.
"We have come to South Africa to renew our contacts and explore new opportunities here," he said. "We can have a win-win situation for both (South African company) Transnet and RITES."
RITES' move comes even as Lucky Montana, South African Rail Commuters Corporation chief executive, said local passenger train services would collapse soon if there was no government investment.
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