<\/p>\n
Standard Bank has fully underwritten the debt package supporting a R9 billion investment in the Gautrain, securing the capital structure for the system\u2019s new 15-year public-private partnership (PPP) concession.<\/p>\n
The financial close extends Standard Bank\u2019s involvement nearly two decades after it financed the rail network\u2019s initial development in January 2007.<\/p>\n
The new debt package supports the second appointed concessionaire, Sihamba Sonke Mobility (RF) Proprietary Limited (SSM), which takes over the operation, maintenance, and comprehensive modernisation of the system for the Gauteng Provincial Government.<\/p>\n
Read: Sihamba Sonke Mobility awarded 15-year Gautrain management deal<\/p>\n
Standard Bank served across multiple lead roles for the transaction, acting as sole mandated lead arranger, underwriter, hedge provider, account bank, performance bond issuer, facility agent and security agent.<\/p>\n
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The modernisation programme includes:<\/p>\n
Rolling stock: Refurbishment of 24 existing train sets and procurement of eight new ones.
\nNetwork infrastructure: Upgrades to signalling and communications systems.
\nDigital services: A revamped ticketing platform and station upgrades.
\nEnergy and transport: Renewable energy initiatives and replacement of the feeder bus fleet.<\/p>\n
Agnes Nkosi, client coverage executive vice-president for infrastructure at Standard Bank Corporate and Investment Banking, said underwriting the full debt package reflected the bank\u2019s confidence in the Gautrain\u2019s long-term importance and its ability to finance complex infrastructure projects.<\/p>\n
\u201cBy combining structuring, underwriting, markets, transaction banking and agency capabilities, we have created an integrated solution that supports the resilience of the system and a substantial programme of modernisation\u201d, she said.<\/p>\n
Gautrain\u2019s role in Gauteng<\/p>\n
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Since launching commercial services in 2010, the Gautrain has connected Pretoria, Johannesburg, Sandton and OR Tambo International Airport, serving as a key transport link between the province\u2019s economic centres.<\/p>\n
Nkosi said the investment would help the network meet growing demand for efficient, reliable and lower-carbon transport.<\/p>\n
\u201cHaving helped fund the system\u2019s original development, Standard Bank is proud to back the investment that will define its next chapter,\u201d she said.<\/p>\n
Listen\/read:
Gautrain enters transition phase as new operator yet to be finalised
Gautrain prepares for next phase as concession negotiations near completion
Gautrain to continue under PPP model as new operator talks advance<\/p>\n
#Standard #Bank #backs #R9bn #Gautrain #modernisation #deal<\/p>\n","protected":false},"excerpt":{"rendered":"
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