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
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
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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
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