Media Releases

Opening of Sandton taxi rank

Sandton, Johannesburg. Gauteng MEC for Public Transport, Roads and Works, Ignatius Jacobs, today officially opened the new Sandton taxi rank. It became necessary to relocate the taxi rank as it was situated within the footprint of the Gautrain Sandton Station and this location is critical for the construction of the Gautrain’s tunnel towards Rosebank. The closure of Rivonia Drive makes the rank...

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Arup appointed as Independent Certifier on Gautrain Project

Arup is proud to announce that it has been awarded the role of Independent Certifier (IC) for the Gautrain project, which is valued at more than R25-billion. The Gautrain project involves the construction of a modern, integrated public transport system, linking Sandton, Johannesburg, Pretoria and the OR Tambo International Airport by rail, with its own buses providing feeder services at the 10...

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All Partners On Board the Gautrain Public Private Partnership Project

Mr Denis Bouvette, CEO of the Bombela Concession Company (Pty) Ltd announced today that Bombela finalised negotiations with the lenders to fund its R3 billion commitment to the Gautrain project. This milestone ends eighteen months of negotiations since the appointment of Bombela as preferred bidder, as well as four months of further negotiations between Bombela, Rand Merchant Bank and Standard...

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Gautrain Empowerment Group Concludes Critical Funding Arrangements

The Strategic Partnership Group (SPG), a Bombela Concession Company partner in the Gautrain project, has successfully and independently concluded its funding arrangements with its major funders. Announcing this today, SPG Chairman Zoli Diliza said agreement on funding had come after delicate and intense negotiations with the Industrial Development Corporation (IDC) and the Development Bank of...

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IDC posts an R220m bond to Gautrain’s BEE supplier

The Industrial Development Corporation (IDC) is posting a Performance and Retention Bond to the value of R220 million in favour of Broad-Based Empowerment party, Strategic Partners Group Concessions (SPGC) The unconditional bond is towards the Gautrain Rapid Link in support of the Gauteng Province. The IDC will sub-participate on the shareholder loan package through DBSA, and this is in line with...

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