The Gautrain Rapid Rail Link project’s affordability and best use of its available resources were analysed according to the Treasury Regulations and National Guidelines for Public-Private-Partnerships. The Treasury Authorisation process involves the three levels of authorisation as listed below. The first and part of the second authorisations have been obtained for the Gautrain.
- Treasury Authorisation I demonstrating Affordability;
- Treasury Authorisation II demonstrating Value for Money; and
- Treasury Authorisation III entailing Financial Closure with the Preferred Bidder.
Financial affordability is considered from three perspectives:
- Will the project be affordable to the passengers who would need to pay the fares to use it?
- Will it be affordable for the implementing authority, i.e. the Gauteng Provincial Government, which has to pay for the large part of the infrastructure costs?
- Will the project be affordable for the tendering consortiums and their bankers (i.e. bankable), who need to invest large amounts for their financial contribution to the project.
Construction Update
- CONSTRUCTION UPDATE – JUNE AND JULY August 26, 2011A) CONSTRUCTION COMPLETION AND THE START OF PHASE 2 OPERATIONS On 02 August 2011 the second phase of the Gautrain System – the route linking Rosebank Station in Johannesburg to Hatfield Station in Tshwane – was opened for commercial service. This follows the initial launch of Gautrain services on 08 June 2010, just three days […]
Newsroom
- Gautrain is the proud transport partner for the 2012 SAAF Airshow May 10, 2012
- Gautrain Media Release – 25 April 2012 April 25, 2012
- SHOOTING OF GAUTRAIN BUS DRIVER CONDEMNED March 19, 2012
- February 2012 bus strike reimbursement procedure February 20, 2012
