Italian Railways senior VP Nino Cingolani expects the consortium appointed as the preferred bidder in the Tambo Springs Intermodal Terminal project to sign the 20-year concession agreement with Transnet Freight Rail (TFR) by the end of the year. The consortium, announced earlier this month, is led by South Africa’s Southern Palace, and includes Italian Railways – also known as Ferrovie dello Stato Italiane, as well as local supply-chain company Makoya, which will act as logistics and marketing partner within the consortium.