A PPP project involving the delivery of a new cruise terminal at the Port of Durban in South Africa has reached commercial close. KwaZulu Cruise Terminal (KCT) has signed a concession agreement with the Transnet National Ports Authority (TNPA) of South Africa for the financing, construction, operation and maintenance of the terminal.
Infrastructure/PPP news in South Africa
Swaziland and South Africa have given green light to a railway line to be delivered as PPP.
Murray & Roberts (M&R) has increased its stake in the Bombela Concession Company, which operates and maintains the Gautrain railway network in South Africa.
Transnet National Ports Authority (TNPA), the South African rail, port and pipeline company, has announced it has selected a preferred bidder for the Durban Cruise Terminal.
The Gauteng Management Agency (GMA), South Africa, has completed the feasibility study on the the Gautrain rail network extension project.
Pinsent Masons has announced a number of new hires as it finalizes its plans to move into new premises in Sandton, Johannesburg in January.
Aveng Limited, a multi- disciplinary construction and engineering group, anchored in South Africa, has announced it has reached an agreement for the disposal of four of its major infrastructure investments.
International law firm Pinsent Masons has announced plans to launch an infrastructure-focused practice in Johannesburg, South Africa.
Transnet, the South African rail, port and pipeline company, has launched a Request for Proposal (RFP) for a terminal operator to develop a liquid bulk port terminal on PPP at the port of Durban, South Africa.
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concluded the transaction on 4 July 2016. This sale represents the largest private equity realization for toll road infrastructure in Africa to date.
Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF) has appointed Investec Asset Management (IAM) as its US$670 million fund manager.
Transnet National Ports Authority, a division of Transnet SOC Ltd, which provides freight transport and logistics services in South Africa, has launched Request for Proposals (RFP) for facilities at the port of Durban and at the port of Saldanha.
The National Treasury Department of the Republic of South Africa, through the Gauteng Infrastructure Financing Agency, has recently launched the Request for Pre-Qualification phase for the Kopanong Precinct PPP project to be located in Gauteng Province.
Alstom has completed the acquisition of 51% share in South African rail company CTLE (Commuter Transport & Locomotive Engineering), specialized in the modernization of trains, from CTE and IDC which remain shareholders.
Public-Private Partnership training programme for watershed Southern African Hydro-Power Project to take place in Centurion
In many African countries today, public sector deficits matched by a myriad of competing demands impede funding for infrastructure development. Public-Private Partnerships (PPPs) have emerged over the last decade as an innovative way to mobilize finance, enhance efficiency and improve ownership of projects. PPPs have been particularly successful in economic (physical) infrastructure, such as power, transport, telecommunications, water and sanitation.
Chadbourne & Parke LLP has announced that energy and infrastructure lawyer Deon Govender has joined its Johannesburg office as an international partner.
Mott MacDonald, the global management, engineering and development consultancy, has appointed Rudie Basson as its rail and port practice lead in Africa.
The New Development Bank established by the BRICS states, Brazil, Russia, India, China and South Africa, plans to lend about US$2 billion to finance energy solar projects in India.
Herbert Smith Freehills recently announced that it will be significantly strengthening its Africa practice with the launch of an office in Johannesburg, South Africa, alongside the hire of two leading South African partners.
Gauteng Department of Infrastructure Development (GDID) has announced plans to develop the Kopanong Precinctin PPP project in the Johannesburg Central Business District (CBD), South Africa.