The revised rolling stock procurement plans increases in investment from Rand 97bn to Rand 123.5bn over the next 20 years, and envisions the procurement of 7224 new coaches. The remaining Rand 13.5bn will be invested in new signalling, modernisation of station, and integrated ticketing systems until 2014-15.
The investment programme is entirely state-funded and is consistent with the government's New Growth Path and Industrial Policy Action Plan which is directed at regenerating South Africa's manufacturing sector. As a result, around 65% of the programme will involve local content, and will create 65,000 direct and indirect jobs.
