en.Wedoany.com Reported - Traxtion has raised €75 million (approximately $86 million) through equity financing to fund its rolling stock investment plan in South Africa. The transaction was completed by STANLIB Infrastructure Investments, Standard Bank, and Harith, through its Harith InfraCo and PAIDF2 funds.

The funding meets the equity requirements of Traxtion's total €177 million (approximately ZAR 3.4 billion) rolling stock plan. The plan includes 46 locomotives and 920 wagons, with the first locomotives scheduled to enter service in March 2027.

Pallidus Capital facilitated the transaction. Traxtion stated that as South Africa advances railway reforms and expands private sector participation in freight rail, the new capital also strengthens its financial position for future investment planning.

The plan sets a target of at least 60% local content. Traxtion also plans further investment in refurbishment and maintenance capabilities, supplier development, and fleet deployment.

The company estimates that the construction and deployment phases will support 662 direct jobs. Additional funds will be used for fleet operations, business expansion, ongoing refurbishment programs, and subsequent financing.

Traxtion's business covers locomotive and wagon refurbishment, maintenance, and rail freight operations. The company's model includes extending the service life of railway assets and providing rail capacity to freight customers.

Traxtion views the Network Statement Edition 4 as a regulatory step related to private sector participation in South Africa's freight rail network.

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