DBSA/Transnet infrastructure agreement
May 12 th, 2015
Pretoria – Transnet and the Development Bank of Southern Africa (DBSA) are in mutual partnership to accelerate private sector participation (PSP) in its infrastructure investment programme. The DBSA will finance, contribute project management skills, determine indicative terms alongside strategic support and expedite funding for the PSP execution. Working with the SA private sector is part of DBSA’s commission. Transnet Acting Group Chief Executive, Siyabonga Gama, said the agreement is one of the core objectives of supporting economic growth via infrastructure investment. The programme extends to a rolling seven-year R336bn investment. Both state-owned entities will unlock billions of rands to strengthen SA’s economy.
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