Traxport, Vecturis ink partnership deal
Traxport Rail Services Ltd has signed a technical support and investment deal with Vecturis, a Belgian rail management company, to scale freight rail operations in Nigeria.
The deal, which follows CET Group’s recent investment in Traxport, will see Vecturis provide technical and managerial support as Traxport expands services along the Lagos–Kano corridor and other routes.
In a statement on Monday, Emeka Ndu, chairman of Traxport, said “Vecturis’ wealth of experience in similar markets will enable us to leapfrog operational challenges and fast-track the delivery of modern, sustainable freight rail solutions for Nigeria”.
“Together, we are not just moving goods — we are helping reshape Nigeria’s transport future in a cleaner, safer, and more efficient way, with LNG-powered locomotives that will also be moving LNG and CNG products across the country,” the statement reads.
Advertisement
Eric Peiffer, chief executive officer of Vecturis, said the company is delighted to formalise its collaboration with Traxport.
“Nigeria has one of the most promising rail freight markets in Africa, and our previous engagement in the sector has given us a clear understanding of its opportunities and challenges,” Peiffer said.
“By combining our technical expertise with Traxport’s vision and local drive, we believe we can deliver a step-change in performance, reliability, and sustainability for Nigerian freight rail.”
Advertisement
The partnership aligns with Traxport’s commitment to reducing road congestion, cutting carbon emissions, and opening up economic opportunities through the use of LNG-powered locomotives.
Vecturis, which has more than three decades of experience operating rail networks in Africa, the Middle East and Asia, has implemented projects in the Democratic Republic of Congo, Mozambique, Cameroon, and Madagascar.
The Belgian firm was also the designated operator for the proposed concession of Nigeria’s narrow gauge railway network under the General Electric (GE)-led consortium — a deal that was later aborted.
Advertisement
