TransNamib and TransNet sign agreement

18 Jul 2013 07:40
WINDHOEK, 18 JUL (NAMPA) - TransNamib Holdings Ltd and TransNet Engineering on Wednesday signed a three-year agreement to cooperate in the transfer of resources, skills, knowledge and expertise concerning maintenance of railway rolling stock.
TransNamib said in a statement issued here on Wednesday the agreement aims to enhance the procurement processes and fleet management to heighten efficiency and effectiveness to the benefit of both parties.
The agreement was signed by TransNamib's Chief Executive Officer Sara Naanda and TransNet Engineering's Chief Executive Office Richard Vallihu.
The three-year agreement has an option to renew the term for a further period to be agreed upon by both parties.
TransNet Engineering is an engineering Division of Transnet Ltd. in South Africa, comprising a group of product-focused businesses in manufacture, upgrading conversion, repair and maintenance of railway rolling stock, as well as spares and associated transport equipment.
The agreement is a significant step for TransNamib, as the company gears to reposition itself into Namibia?s preferred transport and logistics enterprise, with key focus on improved engineering services, training and development of staff in critical areas, delivery of quality service, and reliability among others.
The statement further said TransNamib remains a company with huge potential, with the aim to enhance maintenance and other engineering services in order to comply with the highest safety standards, as well as to reduce high maintenance costs, eliminate operational inefficiencies and minimise unreliability in the provision of services to ensure smooth operations.
TransNamib has further resolved to form this exciting cooperation with TransNet Engineering due to TransNet Engineering being a world-class entity, with immense proven track record in innovation, advanced technology, and research in the engineering discipline.
It noted that over the past decade, TransNet Engineering managed to overcome serious challenges and deficiencies in transport, and the company turned itself into a vibrant engineering organisation.
?With the signing of this cooperation agreement, TransNamib and TransNet Engineering are destined to be better partners as both entities share similar backgrounds, and this will allow for the creation of synergy to support each other in dealing with critical operational challenges that may face the two organisations,? read the statement.