News
Cabinet of the Republic of South Africa approves ratification of the Luxembourg Rail Protocol
On 21st June 2023, the Cabinet of the Republic of South Africa formally approved the submission of the Luxembourg Rail Protocol to Parliament for ratification. We expect formal ratification later in the year. This is great news for the future of African railways. South Africa is the largest rail network in Africa and will be a key participant in the African Integrated High Speed Rail Network project as it gathers pace. This will involve massive investment in new standard gauge rolling stock and private capital will be essential. The Protocol will increase the availability of private capital and reduce its cost.
Once completed, this will be the fifth ratification so far, following those of Luxembourg, Spain, Sweden and Gabon, as well as of the European Union in regard to its competences.
