TRANSACTION ADVISORS FOR PROPOSED GAUTENG RAIL EXTENSIONS APPOINTED

Posted on Oct 15, 2014 in Featured, Media Releases

The appointment of a consortium of Transaction Advisors to conduct the feasibility study for the possible rapid rail extensions to the Gautrain network was announced today by the Gauteng MEC for Roads and Transport, Dr Ismail Vadi.

“The purpose of the feasibility study is to inform the decision to proceed with the Gautrain extensions and the preferred routes that should be developed. This should be based on a number of benefits such as the transformational impact on the Gauteng economy; the modernisation of public transport; passenger access and mobility; improved spatial development; environmental impact, and other benefits such as job creation and poverty alleviation, said Vadi.

The study will allow the Gautrain Management Agency to weigh up the benefits against the costs in an informed way, he added.

The appointed consultants, SMEC Consortium,include SMEC South Africa, DLA Cliffe Dekker Hofmeyr and Deloitte.  These consultants have teamed up as a professional consortium with proficiencies in Public-Private Partnership (PPP) procurement processes; rail design and planning; socio-economic impact studies; and legal and financial planning.

The consultants have worked together on PPP- and infrastructure projects and have developed methodologies and insights into the PPP process and rail feasibility studies that will be utilised in this feasibility exercise.

The possible rapid rail extensions to the Gautrain network follow from the recently completed Gauteng 25-Year Integrated Transport Master Plan (ITMP25), which provides a long term plan that will ensure integration of transport with spatial patterns as well as the integration between various transport modes to effectively move people in an efficient matter.

Vadi said that the ITMP25 identified rail as an essential component and backbone for an integrated and efficient public transport system in Gauteng. He emphasised that the proposed extensions form part of an integrated government commitment to improve the standard of living of the citizens in and around the Gauteng city-region through infrastructure development.

Once the feasibility study is completed in the latter part of 2015, the funding models will be presented to the Provincial and National Treasuries for budgetary consideration.

Ends


Issued by: Dr Ismail Vadi (MEC fro Roads and Transport)

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Dr Barbara Jensen

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