PRASA Invests R21.1 Billion in Fleet Renewal and Infrastructure

The Passenger Rail Agency of South Africa (PRASA) spent R21.1 billion on capital projects during the 2024/25 financial year, almost double its original allocation of R11.6 billion. The investment underscores the agency’s focus on renewing its fleet, recovering infrastructure, and modernising its systems.

Job Creation and Economic Impact

PRASA said the spending went beyond infrastructure, creating 12 988 direct jobs and generating an additional 71 730 opportunities across the economy. In total, 84 718 jobs were created or sustained during the year, contributing significantly to economic growth.

Diversifying Revenue and Strategic Projects

The agency has moved to diversify revenue streams through its subsidiary, Intersite Asset Investments, which manages PRASA’s property portfolio. Commercial income reached R708 million, exceeding the budget of R675 million. Key projects include the Cape Town Station mixed-use development, The Lab on Park student accommodation in Braamfontein, Goodwood social housing, and Diep River affordable housing.

PRASA has finalised 24 out of 26 development leases worth approximately R7.8 billion. The agency is also advancing environmental sustainability, including the construction of a 1 megawatt photovoltaic rooftop plant at Durban Station.

Passenger Service and Operational Performance

PRASA moved 77 million passengers across 35 of 40 operational corridors, with 313 stations restored to basic functionality. The agency achieved an overall performance level of 93 percent, up from 87 percent the previous year. This progress reflects PRASA’s commitment to improving passenger services, growing commercial revenue, and modernising operational assets.

Future Plans

Looking ahead, PRASA aims to expand train services, upgrade tracks to allow faster journeys, and install modern signalling systems to reduce waiting times from an hour to ten minutes on high-demand routes. Additional measures include reopening remaining metro stations, introducing modern ticketing solutions such as tap and go payments, and growing the electric multiple unit fleet. The upcoming Train 300 marks the halfway point of the 600-train target set for 2035.

PRASA said the past year has been a defining period, with the agency exceeding its performance targets while reinforcing its commitment to safe, reliable, and accessible rail transport for all South Africans.