PRASA hereby invites proposals from potential tenants to lease and develop/upgrade properties from its different regions:

THE state-owned Passenger Rail Agency of South Africa (Prasa), which operates commuter rail service Metrorail, is to spend R1.5bn in the next three years to buy back lease agreements on property it holds to boost earnings from its property portfolio and cut dependence on subsidies.

Thursday, 15 March 2012 02:00

Prasa plans R500m Braamfontein development

The state-run Passenger Rail Agency of SA plans to invest R500m to deck over the Braamfontein rail-stock yard for mixed-use property developments that will link the Johannesburg inner city with the historical suburb of Fordsburg

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