{"id":255,"date":"2018-09-30T10:50:00","date_gmt":"2018-09-30T10:50:00","guid":{"rendered":"http:\/\/thefreezoneblog.com\/blog\/2018\/09\/30\/africa-rail-needs-attract-global-treaty\/"},"modified":"2018-09-30T10:50:00","modified_gmt":"2018-09-30T10:50:00","slug":"africa-rail-needs-attract-global-treaty","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/africa-rail-needs-attract-global-treaty\/","title":{"rendered":"Africa rail needs attract global treaty"},"content":{"rendered":"
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\nBy James Holley – Chief Executive of private locomotive and rail operator Traxtion Group.<\/u><\/u><\/i><\/div>\n
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\nThe ability of Africa\u2019s rail industry to unlock billions of dollars of investments from private investors and create a more vibrant and competitive industry through increased freight volumes, could lie in adopting a ground-breaking new global treaty that provides a central registry of ownership of railway assets. <\/u><\/u><\/div>\n
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\nA major stumbling block for private investors looking to invest in Africa has always been the need to manage the risks inherent in cross-border operations, where there is limited legal infrastructure, and no common system for tracking assets and identifying railway equipment. Cross-border operations are essential to a thriving African rail industry, but operators need to know their rights are protected.<\/u><\/u><\/div>\n
\nUnlike the aviation industry there is currently no single global system relating to the ownership and identification of railway equipment. The Luxembourg Protocol to the Cape Town Convention will change that through a worldwide legal framework to recognise and regulate the security interests of lenders, lessors and vendors of mobile railway assets. A central registry, in Luxembourg, will issue unique identification numbers for all rolling stock globally at a negligible cost, ensuring that every creditor and operator can identify and track rolling stock wherever it is.<\/u><\/u><\/div>\n
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\nThe Swiss based Rail Working Group is already engaged in discussions with African rail operators and African governments with a view to ensuring the Protocol is embraced by every country with rail operations. The ultimate goal is to have the Protocol and the central registry recognised in local legislation.<\/u><\/div>\n
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\nBy recognising the Luxembourg Protocol, African countries with rail operations will provide certainty of ownership for potential investors, thereby reducing both creditor and operator risk \u2013 and once risks are lowered, we\u2019ll see a greater pool of capital finance available for investment, which will lower the barriers to entry for smaller operators and ultimately result in a more competitive and dynamic African rail industry.<\/u><\/u><\/div>\n
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\nA study commissioned by the Rail Working Group this year, by economic consultancy Oxera, suggests that implementing the Protocol in South Africa would save the country up to R20bn in microeconomic benefits, including the reduced cost of finance and the knock-on effects of the investment in new rolling stock.<\/u><\/u><\/div>\n
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\nReducing finance charges for rolling stock ultimately translates into a reduction of freight charges for customers. This means the rail industry can become more competitive. It really is one of those steps that will allow Africa to advance – and there is absolutely no downside to it. <\/u><\/u><\/div>\n
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\nSource:  Railway Africa<\/b><\/div>\n

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\nhttps:\/\/www.railwaysafrica.com\/news\/luxembourg-protocol-can-reshape-african-rail-industry<\/a><\/u><\/u><\/b><\/div>\n","protected":false},"excerpt":{"rendered":"

By James Holley – Chief Executive of private locomotive and rail operator Traxtion Group. The ability of Africa\u2019s rail industry to unlock billions of dollars of investments from private investors and create a more vibrant and competitive industry through increased freight volumes, could lie in adopting a ground-breaking new global treaty that provides a central registry […]<\/p>\n","protected":false},"author":1,"featured_media":1242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[133],"class_list":["post-255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-industry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\nAfrica rail needs attract global treaty - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/africa-rail-needs-attract-global-treaty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa rail needs attract global treaty - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By James Holley – Chief Executive of private locomotive and rail operator Traxtion Group. 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