South Africa’s Transnet and China’s CRRC E-Loco announced on Wednesday that an in-principle agreement had been reach “towards the resolution of all current legal disputes between the two companies, to enable support to enhance Transnet Freight Rail’s (TFR’s) ability to serve customer demand on an urgent basis”. In a short statement, the two companies said that the next steps would be to finalise a definitive settlement agreement and complete the resolution of the current legal disputes.
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