New rail treaty will save South Africa over R20 billion

12th June 2018

Speaking at AfricaRail 2018 in Sandton today, Howard Rosen, chairman of the Rail Working Group, told delegates that the Luxembourg Rail Protocol will save R20 bn. for South Africa. This assessment comes from an independent study by economics consultancy Oxera and commissioned by the Group, published today, that estimates the direct microeconomic benefits of the Luxembourg Rail Protocol.



“The Oxera study does not measure the wider benefits of the Protocol, such as the environmental, social and economic advantages for the community as a whole,” said Rosen, “nor the potential benefits for the South African economy from new African markets for South African locomotive and wagon manufacturers, financiers, operators and service providers”.

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