banner

Screen Shot 2015-05-12 at 11.35.17 AM
738 Views

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

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

Recently Published

energyA
»

The World Bank Will Stop Fossil Fuel Financing Beginning in 2019

In a move sure to be celebrated by opponents of ...

plastics SA
»

Be Environmentally Responsible

According to a Plastics SA Survey, mechanical recycling of plastics ...

NesjavellirPowerPlant_edit2
»

Why the Clean Power Plan is good for business

Big problems require smart solutions. The Clean Power Plan, ...

Minister Pandor
(centre front),
Dr Phil Mjwara
(DST Director
General), Mr
Khaled El
Mekwad (UNIDO
Representative
and Head of
South Africa
Regional Office)
and Mr Barlow
Manilal (TIA
CEO) with the
2017 GCIP-SA
Finalists
»

SA’s BEST and BRIGHTEST cleantech innovators ready to take on the world

Water saving taps, fly larvae that turn organic waste into animal ...

Beetroot
»

The lighter & brighter side of beautiful living

With passion for South Africa, her people and the “lighter and ...

Screen Shot 2017-12-12 at 11.31.11 AM
»

Waste-wise wisdom for the festive season

It’s that time of the year when many of us go a little crazy giving ...

Greenovate winners 2017 - Nicholas Tennick, Daniel Navarro and Mark McCormick
»

UCT triumphs in environmental innovation at South Africa’s third Greenovate Awards

Young environmental game-changes from the University of Cape Town ...

waste1
»

Meet Jan Palm, IWMSA President fighting the war on waste

When he isn’t fighting the war on waste or designing waste ...

gwarming
»

Humans Are the “Dominant Cause” of Global Warming, According to the Latest U.S. Government Study

SOLID EVIDENCE In June of 2017, The New York Times received a ...