Image courtesy of BNN

Bombardier Transportation Makes Waves, or Rather Trains in South Africa; BNN Interview With EDC’s Todd Winterhalt

Export Development Canada (EDC)’s Vice President of International Business Development, Todd Winterhalt, stops in at BNN to answer questions about the $450 Million in financing that EDC recently provided to South Africa’s state-owned rail operator, Transnet.

The loan will partially finance a $1.2 Billion contract that Transnet awarded to Bombardier Transportation South Africa, for the delivery of 240 TRAXX dual voltage locomotives.

This marks the largest financing deal that EDC has ever completed on the continent of Africa. With EDC’s permanent representation opening in Johannesburg, SA this summer, it is hoped there will be more deals of this size in the near future.

http://www.bnn.ca/Video/player.aspx?vid=559275

Categories Africa

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