South Africa - Transnet Limited - Revised Lending Terms - Amendment to Resolution P/ZA/2010/14


Project Summary

Approval Date 23 Jun 2010
Signature Date 05 Oct 2011
Sovereign / Non-Sovereign Non Sovereign
Sector Transport
DAC Sector Code 21030
Commitment U.A 109,720,604.17
Status Implementation

Project General Description

The project involves contributing to the financing of Transnet’s five-year Capital Investment (or Capacity Expansion) Program to allow the company to increase its freight capacity and throughput via pipelines, ports, and rail. This will be achieved through the rehabilitation, upgrading, and expansion of its transportation infrastructure with a view to improving South Africa’s efficiency and competitiveness, thereby boosting the sustained economic growth of the country. The five-year Capital Investment Program will cost ZAR 99.36 billion, with 67% being disbursed over the first three years (2010-2013). The expansion program has multiple components, with 53% of the total investment going to the Freight Rail division for rail-related improvements and expansion.

Project Objectives

The main objective of this project is to support Transnet’s 5-year Capital Investment Program. The program will revitalize and expand existing infrastructure and address maintenance deficiencies, especially at Transnet Freight Rail. The Transnet Program will support sustainable economic growth and competitiveness in South Africa as a result of expanded capacity, faster throughput and improved reliability of Transnet assets. The benefits will filter through to the subregion’s industrial output, facilitate regional and international trade through improved transportation networks, and create jobs.

Beneficiaries

The main beneficiaries of the project are: the Government of South Africa (GoSA) and the Transnet State-Owned Company Limited.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZA-DC0-010
Last Update 22 Nov 2020

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country South Africa