# Transnet has issued a formal request for proposals to two shortlisted bidders for the creation of LeaseCo, a public-private rolling stock leasing company. The entity will acquire, manage and lease locomotives and wagons to domestic and regional rail operators. Transnet says the private partner will provide capital, technical expertise and operational support. Around 500 locomotives and 17-thousand wagons are expected to form part of the venture. Group CEO Michelle Phillips says the project will help modernise rail freight and attract private investment.
Transnet moves ahead with rail leasing partnership