PUBLICATION STORE SUBSCRIBE

Transnet, DBSA partner to accelerate private sector partnerships

State-owned Development Bank of Southern Africa (DBSA) has agreed to part with skills and funding to accelerate parastatal Transnet’s multibillion-rand private sector participation (PSP) infrastructure investment programme. Print Send to Friend 0 0 The development bank would provide funding and expertise for the PSP preparation work, including transaction advisory services, to enable the freight logistics company to successfully partner with the private sector in deploying certain infrastructure under its R300-billion Market Demand Strategy (MDS).

“Finding innovative funding solutions is a key element of the MDS. Partnerships with the private sector will not only broaden our sources of funding for capital

Attend the seminar in June..
Attend this seminar in June.

investments, they will give us access to private sector skills and expertise,” Transnet acting group CEO Siyabonga Gama said in a statement on Monday. The agreement would see DBSA share in project preparation funding; contribute financial and project management skills and capacity; provide indicative terms and amounts to expedite funding of PSP project execution; and provide strategic support for the execution of Transnet’s PSP programme.

The initiative would also enable Transnet to manage risks and provide alternative procurement tools for large infrastructure projects. “Increasing private sector participation in South Africa’s infrastructure investment programme is part of DBSA’s mandate as a development finance institution. In addition, once a project is ready to go to market, DBSA will also be eligible to compete as one of the funders,” added DBSA CEO Patrick Dlamini.

The projects in the PSP portfolio included the manganese common user loading facility, in the Northern Cape; the Grootvlei coal loading facility, in Mpumalanga; the Tambo Springs inland container terminal, in Ekurhuleni, Gauteng; and the container terminal at the Durban Dig-Out Port.

Source: Engineering News


 

Book your seat to attend the Transport & Mobility Seminar at Sustainability Week in June

Sanral to receive R12.5-billion cash boost

The South African National Roads Agency Limited (Sanral) would receive a R12.5-billion cash boost from government this year, transport minister Dipuo Peters announced on Tuesday.
Delivering her budget vote in Parliament, Peters said this would form part of government’s commitments to upgrading non-toll roads in the country.
“Government is investing R1.1-billion in the upgrade of the R573 Moloto Road,” said Peters.
“We have also set aside R12.5-billion for Sanral’s non-toll roads, which constitutes 85 percent of the national road network of 21,403 kilometres across the country.”
At a media briefing earlier in the day, Sanral chief executive Nazir Alli said any cash injection should not be misconstrued as pointing to liquidity problems within Sanral.
“There’s two parts to SANRAL’s business. The one part is a non-toll road part of it which constitutes 25 percent of our road portfolio out of a total of 21,403 kilometres of roads and then there’s the 3,120 kilometres of road which are tolled roads which is only 15 percent of our portfolio.
“It is wrong to conflate the two and to turn around and say we are facing financial difficulty,” Allie said.
“We believe that in SANRAL…that we’ve been very prudent in terms of how we have managed our business, so we’re not running into bankruptcy or anything of that sort…”
Alli conceded though that they’ve been batting to raise money as a result of uncertainty over the Gauteng Freeway Improvement Project (GFIP).
In January, a panel appointed by Gauteng premier David Makhura in 2014 made various recommendations on cushioning the impact of e-tolls in Gauteng on the poor and middle class in the province.
These included that the current e-toll system be reviewed to ensure affordability, equity, fairness, administrative simplicity and sustainability.
“Unfortunately for the moment, no, there hasn’t been an appetite for our paper because of the uncertainty that has been created,” Alli said when asked if the process was affecting SANRAL’s ability to sell bonds.
“Were very confident that once that pronouncement has been made by the honourable deputy president of our country that…certainty will return and the appetite for our paper will return as well.”
SANRAL was awaiting an announcement by deputy president Cyril Ramaphosa, who is leading consultations on what the final funding model for the GFIP will be.
“We see the light at the end of the tunnel as far as the GFIP is concerned,” Alli said.
Source: eNCA

Don’t miss the Transport and Mobility Seminar | Join the Transport and Mobility discussion here

Transport-header_web

 

ABB to supply for South Africa’s electric rail fleet

ABB has grabbed a $50 million supply contract from Bombardier Transportation to support the freight locomotives that will help form the backbone of the electric rail fleet in South Africa.

ABB will provide traction transformers and other related equipment for 240 freight locomotives operating under this railway network.

The order was received in the fourth quarter of 2014.

The traction units will be installed in Bombardier’s TRAXX locomotives which will be manufactured in South Africa.

These transformers will supply electricity for trains running on the dual 3kV direct-current and 25kV alternating-current overhead voltage network.

Since 1998, ABB has been supplying traction transformers for various electrical locomotives projects involved with Bombardier.

In addition, ABB traction transformers are designed to support heavy freight loads over distances of more than 1,000 kilometers.

These transformers are engineered for demanding environments and help power trains that operate on tracks under challenging conditions like multiple power systems, steep inclines, tight curves, excessive wear, voltage drops in long sections and extreme temperatures.

Already, more than half the world’s electric locomotives and train sets are powered by ABB.

A leading transformer manufacturer throughout the world, ABB offers both liquid-filled and dry-type transformers inclusive of lifetime services such as replacement of parts and components.

South Africa plans to invest nearly $5 billion to expand the rail fleet for increasing the passenger travel and also to enhance its efficiency to transport iron ore as part of the global exporting.

South Africa aims to boost the share of freight shipped by rail significantly over the next decade.

Source: GreenTech Lead


 

Transport and Mobility Seminar

Book your seat here.

Join the discussion here.


Follow Alive2Green on Social Media

TwitterFacebookLinkedInGoogle +