SADC allocates R19 million for redevelopment of SA’s 6 busiest land ports
The redevelopment of South Africa’s six busiest land ports has been allocated US$1 million (R19.25 million) by the Southern African Development Community (SADC).
The money will be going towards the preparation phase of the public-private partnership project which includes consulting, feasibility studies, traffic, land, and bulk infrastructure modelling.
This was announced during a joint media briefing on Wednesday by the Department of Home Affairs, SA Revenue Service, Border Management Control, and the Development Bank of South Africa.
Legal firms, Bowmans and Ernest and Young Attorneys, have been roped in as transaction partners for this multi-billion rand development programme.
Partner at Bowmans, Wandisile Mandlana, said the firm’s role was to ensure the bankability of the project, that it delivered value for money for the government, and that procurement was conducted fairly.
Mandlana said since this was a public-private partnership, risk must be equally allocated.
“A successful triple P must reside in value for money for the government and must transfer as much risk and operational risk to the private sector party.”
The Home Affairs Department has already sent out a formal request for proposals.
A technical briefing with interested parties is set to take place on 27 September.
-EWN
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