Botswana Railways signs MoU with TransNamib

GABORONE, Nov. 27 — Botswana Railways has signed a Memorandum of Understanding (MoU) with TransNamib, a Namibian state-owned railway enterprise.
The MoU will establish a working relationship between the two and introduce a container terminal for Botswana in Gobasi, Namibia.
In a press briefing on Monday in the capital Gaborone, Botswana Railways chief executive officer, Leornard Makwinja said the MoU provides an opportunity for Botswana to leverage on the railway infrastructure in Namibia as well as knowledge in the dry port business.
The MoU will be for 9 years, during which time the parties will explore and agree on substantive terms for carrying out the container terminal business.
Makwinja said the dry port is important in providing alternative means of transporting cargo from Walvis Bay port in Namibia to Botswana and other destinations within the SADC region.
Johny Smith, TransNamib chief executive officer, said the MoU is the beginning of fruitful and beneficial relationship in developing trade between the two economies. – XINHUA