Transnet mulls lifting Chinese engine contract suspension

South Africa's Transnet may be forced to lift a suspension on China's CRRC Corp so that the firm can repair its locomotives, according to a document from state-owned Transnet, despite pending legal action against the Chinese giant. The world's biggest train maker CRRC - formed by the merger of China South Rail (CSR) and China North Rail (CNR) - is partly on the hook for a $3.2-billion tender jointly awarded to four firms in 2014 to supply 1 064 diesel and electric locomotives to logistics firm Transnet.

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