Windhoek — TRANSNAMIB Holdings Chief Executive Officer Titus Haimbili is satisfied with the Chinese trains the company bought before he took charge in January this year.
The transport parastatal bought 17 red Chinese-made locomotives for around N$200 million recently in addition to the four blue ones bought earlier on.The Government-backed loan of around N$200 million (Yuan 250 million) came from the Export/Import Bank of China. Media reports said the locomotives had become a headache for the parastatal, mainly due to "chronic mechanical problems" resulting in huge financial losses for the company. Haimbili said they were busy upgrading five locomotives in South Africa and expect them to be back in the country by September. The 17 red locomotives were all operational, he said.
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