DTI, IDC fund Kenako Concrete

The R71m Kenako Concrete manufacturing facility, located in the Coega Special Economic Zone (SEZ), is the first black industrialist in Port Elizabeth to be funded by the Department of Trade and Industry (dti) and the Industrial Development Corporation (IDC).

The facility has the capacity of six cubic metres of concrete in four minutes and 150m3 in an hour. The plant also produces retarded mortar, plaster and topping.

“The project as a whole is a year and a half in the making. There was a lot of hard work, but I managed to get onto the dti’s Black Industrialist Programme, and the IDC along with the Treasury, are now the funders of this project. It is very satisfying to see the plant up and running,” says Jerome Perils, Kenako Concrete managing director.

“During our first month of operation, we have hit the ground running as we are currently serving 30 accounts with the capacity to double that,” adds Perils.

Furthermore, following the challenges pertaining to the water situation in the Nelson Mandela Bay, the facility is one of the few “green” operations, with the water used to clean its trucks being recycled back into the plant for concrete manufacturing.


Source: Infrastructure

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Da’Realty revamps Sea Point shopping centre

The Adelphi Centre in Sea Point, Cape Town, is currently undergoing extensive renovations. Once complete, it will offer a galleria-style shopping centre, renamed Artem, that combines art and shopping in the retail experience. The revamp is being undertaken by property development owners Da’Realty.

Black and white marble throughout, Italian lighting, hand-crafted brass balustrades, a lobby entrance with a doorman, and valet parking are examples of what visitors to the new galleria can expect.

Set for completion in February 2018, the centre’s new name means “to conceal art in its original form”. The Artem will house a mix of international retail brands, boutiques and lifestyle shops, artisanal eateries, as well as the Artem Gallery. Art pieces will also be exhibited throughout the building in the public spaces.

Inspired by nature

“Deriving inspiration from elements of nature and using Da’Realty’s signature details, we have challenged the artistic angle within the Artem development,” explains Ahsan Darvesh, president of Da’Realty.

“Hand-crafted by artisans in Italy, a pure 18ct gold logo done in mosaics will present itself upon entry to Artem. All of the lighting is soft mood lighting which has been carefully designed to enhance the exclusive shopping ambience. The sanitary ware in the public restrooms is all solid brass and manufactured by artisans, as is the travertine marble – which is the same quality as used by five-star hotels worldwide.”

Darvesh goes on to further explain that the balustrades in Artem will all be solid brass and are being hand-crafted by a local artisan. “We will also be installing 1000m2 of beautiful herringbone patterned paving, which will wrap around the front of the building to create an appealing visual effect and further frame the beautiful Artem building when complete.”

“A combination of soft awnings and black metal awnings running along the entire Artem street front will transform the strip into a blend of Rodeo Drive meets the Champs Elysees – in the heart of Cape Town.”

Showcasing emerging artists

The parking area at Artem, which features 150 parking bays, will undergo a special overhaul by up-and-coming township-based street artists who have been commissioned to create “graffiti” art on all the walls. “The idea is to also help promote the work of emerging artists in this beautiful new galleria. The Artem parking lot will serve as an exhibition space for these street artists whose art is woven into Cape Town’s landscape,” says Darvesh.

Lily Eskandari, COO of Da’Realty, goes on to explain that Artem will feature landscaping within the building that is extremely waterwise. “We have given the directive to install a combination of real and silk plants and greenery throughout Artem. Bringing elements of nature into our developments is key, however with water usage being such a critical point in the Western Cape, we chose to predominantly go with synthetic landscaping of the top-most quality.”


Source: Infrastructure

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Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port.

Vale said in a press release that the deal included a loan of $1.03-billion from Japan Bank for International Cooperation and another $1-billion from a syndicate of financial institutions.

Export Credit Insurance of South Africa will also pitch in $400-million, drawing on lending partners Absa Bank, Investec Bank, Rand Merchant Bank and The Standard Bank of South Africa, while the African Development Bank will also provide $300-million for the railway project, a 237 km section of which crosses Malawi.

Vale said that financing for the 912 km project will be repaid over 14 years, through a tariff on the coal transportation services and from general cargo services provided by the NLC.

Following about three years of negotiations, Mitsui bought a 15% interest in Vale’s 95% share in the Moatize coal mine in March. It also bought half of Vale’s 70% stake in the NLC.

“Vale wishes that the Nacala project finance becomes a postcard and a benchmark for the attraction of other large-scale investments in both countries (Mozambique and Malawi),” it said in a statement.


Source: Infrastructure

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Senegal’s new $575 million airport opens after 10-year saga

The largest airport in Senegal will open its doors on December 7, after more than a decade of development and delays.

Blaise Diagne International (AIBD) will have initial capacity for three million passengers per year, rising to 10 million per year, making it one of the highest-capacity airports in Africa.
Blaise Diagne will take over services from Senegal’s current flagship airport Léopold Sédar Senghor International in capital city Dakar, which will cease operations.
The $575 million megaproject is envisioned as the centerpiece of an ambitious new development program.
Dakar’s existing international airport has been affected by heavy traffic congestion.

Breathing space

The new airport is based in rural Diass, around 40 kilometers east of Dakar.
The remote location offers more space for the project than the crowded capital, where the existing airport has been affected by heavy traffic congestion.
Blaise Diagne occupies a 4,500-hectare site compared with 800 hectares at Léopold Sédar Senghor. The new airport also boasts a larger terminal and runways that can accommodate more passengers and flights.
“The AIBD airport is definitely a state-of-the-art infrastructure project,” says El Hadji Beye, a civil engineer specializing in West Africa. “The new facility’s increased size can accommodate larger planes like the Airbus A380 and will handle much more air traffic than before.”
The AIBD development team expects Blaise Diagne to become a primary hub of the West Africa region and a “preferred stopover point for air traffic in Africa, Europe and the Americas.”

Dakar dependency

The new airport is also intended to diversify an economy that has become reliant on the capital.
Dakar accounts for half of Senegal’s urban population and around 55% of GDP, according to the World Bank, and it is growing fast.
“The idea is to see if we could drag economic activities out of Dakar,” says AIBD Deputy Director General El Hadji Ibrahima Mané, “New infrastructure is essential to this (ambition).”
Blaise Diagne is to be the centerpiece of an “airport city,” says Mane. French firm Lagardère Travel Retail has been contracted to operate 1,000 square meters of duty-free stores on the site, and the AIBD team are planning for commercial development of the surrounding area including hotels, malls, restaurants and business facilities.
Dakar dominates the Senegalese economy, but the new airport could alter the balance.
New transport links are being established between Diass and the capital, including the Dakar regional express train and the Dakar toll road. The airport is also expected to improve access and boost visitor numbers to other parts of the country such as tourist destinations on the southern coast.
Local communities should also benefit from new employment opportunities.
“The project will engage 540 full-time employees during the operational phase, including more than 200 women,” says Rokhaya Diop Diallo of the Africa Development Bank’s Senegal office, which is supporting the project.
“In addition to direct employment at the airport, the project will require other services in engineering, security, spare parts, information technology and services, catering and cleaning, that will boost the local economy.”
The Saly Portudal resort area on Senegal’s southern coast could benefit from increased visitor numbers via the new airport.

Long journey

The opening of Blaise Diagne brings to an end 10 years of sometimes torturous development.
Finance deals struck in 2007 had to be scrapped when the global financial crisis hit, and the original construction company had to be replaced in 2015 — leading to lengthy delays.
The development team also faced the delicate task of resettling around 3,000 families living on the original site. Terms have now been agreed with all but four families, says Mane, with whom negotiations are still ongoing.
“It has been a long journey,” the deputy director general acknowledges.
That journey may be finally over. The next assignment is making Senegal a power of the skies.

Source: Infrastructure

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AfDB approves US$200 million to IDC to support industrialisation projects in Africa.

The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South Africa and other Regional Member Countries (RMCs).

IDC is South Africa’s pre-eminent development finance institution (DFI), owned by the South African government. Its mandate is to promote industrialization in Africa by investing in, and developing the industrial base of South Africa and other RMS, thereby helping to scale-up the AfDB’ s High 5 agenda, particularly “Industrialize Africa”. Fifty percent of the funding (the rand tranche) will be used for projects in South Africa and the balance (the USD tranche) will be directed to regional projects in Mozambique, Malawi, Ghana, Kenya, Namibia, Mauritius, Swaziland and Sudan.

IDC is managed as an independent DFI, operating in a sustainable and self-financing manner with a strong governance structure. The Bank has a good and long-standing relationship with IDC. The current operation is the 3rd non-sovereign guaranteed Line of Credit from the Bank. The recently concluded extended supervision of the previous facility (US$ 200 million) indicated that the Bank’s support resulted in creation and retention of over 15,000 jobs by supporting agro-industries, logistics, transport and other industry infrastructure in Senegal, Zimbabwe, Mozambique, and Swaziland.

This project is timely considering current economic challenges in South Africa as AfDB and IDC together can play a countercyclical role. The support is much needed as raising funds is becoming more difficult for South Africa and government owned entities such as IDC due to the country sovereign downgrade. The project will address the IDC’s funding gap and reduce asset-liability mismatch.

The LOC is intended to support IDC’s 5-year Corporate Plan for the period 2016/17–2020/21. Specifically, it will be on-lent to IDC’s clients in key focus areas, including (i) priority industrial value chains such as chemical and pharmaceuticals, metals and mining, agro-processing and agriculture value chains. It will also support (ii) industrial infrastructure, including energy, logistics, water, and telecommunications; (iii) new industries that derive from innovation, science and technology. The LOC will also significant opportunities in high impact labour intensive sectors and assist businesses in distress.


Source: Infrastructure

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KIGALI BULK WATER SUPPLY PROJECT IN RWANDA KICKSTARTS WATER PPPS IN SUB-SAHARAN AFRICA

KIGALI, Rwanda – The Government of Rwanda and Metito have reached financial close of the first competitively tendered Build Operate Transfer (BOT) Water Concession in Sub-Saharan Africa.

The finalisation of this Public Private Partnership (PPP) agreement will kickstart the highly-anticipated Kigali Bulk Water Supply Project with construction forecasted to last 30 months from the commencement date.

Located in Kanzenze, in the South Eastern part of Kigali, the project will provide 40,000 m3/day of potable water to the residents of Rwanda’s capital city to serve domestic, commercial and industrial end users.

Treated water will be extracted from the south bank of the Nyabarongo River and will supplement existing water supplies in a strategic move to meet Kigali’s growing water demands.

Kigali Water Limited (KWL), a fully owned subsidiary of Metito, will design, build, maintain and operate the treatment plant and will then sell potable water to the Water & Sanitation Corporation of Rwanda (WASAC) under a 27- year PPP Agreement.

The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), is the mandated Lead Arranger of the financing of this project, worth US$60.8 million.

EAIF and The African Development Bank (AFDB) are covering US$40.6 million of the capital cost of the project; US$38 million of Senior Debt and US$2.6 million of Junior Debt with all loans on 18-year terms. The balance will be provided by Metito as equity finance.

The Kigali Bulk Surface Water Supply PPP project also benefits from a US$6.25 million grant from PIDG’s Technical Assistance Facility (TAF).

The announcement of the project financing is being hailed as a landmark moment in Rwanda’s social and economic development.

The country aims to see 100 percent of its 12.4 million people having reliable access to clean water within the next few years. Currently, some 86 percent of urban areas and 72 percent of rural areas have access to improved sources of drinking water.

Rwanda has made great progress in recent years in implementing policies to alleviate poverty and modernise the nation’s economy and infrastructure. Its aim is to be a middle- income country by 2020.

According to the World Bank, between 2001 and 2015 Rwanda averaged real GDP growth of around 8 percent and achieved rapid poverty reduction.

By 2018 it aims to have raised GDP per capita to US$1000 per annum, have less than 30 percent of the population below the poverty line and fewer that 9 percent of the population in real poverty.

Mutaz Ghandour, chairman and CEO of Metito, said: “The Kigali Bulk Surface Water Supply PPP project puts Rwanda on the map for the international investor community and marks a historic moment for Rwanda. Together, today, we are setting a precedent not only for Rwanda, but for the whole of Sub-Saharan Africa, and surely for Metito. Once complete, this will become an exemplar project for PPPs in the region – there is no doubt – so today, we must all celebrate alongside the People of Rwanda.”

He added: “Africa has huge potential and we expect this to continue as critical infrastructure develops around the provision of key utilities. To undertake such capital intensive infrastructure projects, the PPP scheme remains to be the best, and sometimes unavoidable, formula, and Metito acknowledges this.”


Source: Infrastructure

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Tesla unveils game changing all-electric semi-truck

Tesla recently unveiled its new all-electric semi-truck with the hope of shaking up the auto industry once again.

Billed as quicker and more economical than today’s diesel-powered trucks, the Tesla Semi was designed and built to be like a bullet according to Elon Musk, Tesla’s co-founder and chief executive.

Speaking at the big rig’s reveal, Musk said he aims to start production in 2019 with deliveries by 2020 despite some analysts expressing caution over Tesla’s ability to meet its own timetable.

A super saver

According to Tesla the Semi features four independent electric motors and a transmission that requires no shifting of gears. This means it can accelerate to 100 kilometers per hour in five seconds – reaching that speed in 20 seconds while hauling a maximum 36 000 kilogram load, much faster than a traditional diesel truck.

Most importantly, it can travel 800 kilometers between charges, more than double the length of most truck routes, 80% of which, according to Musk, are 250 miles or less.

“So it means you can go to your destination and back without recharging,” he noted.

Tesla claims its Semi, which could be recharged at the firm’s 1 000 free Supercharger stations worldwide, can save 20% over conventional transport rigs with fuel and insurance factored in – while delivering a “better experience” for truck drivers through its cab design.

Built for comfort

With no front engine or gear shift to accommodate, the driver’s seat is positioned in the centre of a panoramic windshield, with a dominating view of the road.

Instead of the traditional console, there are touch screens for navigation, music and traffic data.

Inside, the cab has enough head and legroom to stand up and walk around. The traditional second front seat is relegated to the back of the cab as a jump seat.

The Semi also uses some of the same navigation aids as Tesla’s Model 3 sedan, such as cameras, and sensors designed to minimize blind spots, abrupt lane changes and emergency stops.

Bumps in the road?

But despite the truck’s glitzy debut, some analysts warned it remains unclear if or when Tesla can deliver on its promises AFP reported.

“We’ve come to expect very forward-thinking products from Tesla,” said Rebecca Lindland, analyst for the auto research firm Kelley Blue Book. Lindland told AFP the Tesla Semi concept “makes a lot of sense” for vehicles with predictable routes like garbage trucks or school buses.

She added however that Musk “is not great at keeping deadlines” and that “we need to add weeks, months or years” to his timetable.


Source: Infrastructure

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EThekwini rejects Virginia Airport development bid

The eThekwini Municipality has rejected an unsolicited bid to develop the Virginia Airport.

In a statement released on Thursday the Municipality said while its Bid Adjudication Committee had rejected this bid it would consider future bids based on merit.

In 2015 the city received a bid by Seaworld Investment Holdings recommending the Virginia Airport site be redeveloped into a mixed-use development. The project was expected to cost R6.1 billion with sourcing funding and the offering its services and expertise in the implementation of bulk infrastructure and services.

According to the proposal SeaWorld Investment Holdings would also develop a brand new airport, five times the size of Virginia Airport in Scottburgh.

Commenting on the rejection of the bid the municipality said: “The City remains committed to advancing infrastructure development to drive economic growth and attract investment.

“The Virginia Airport site belongs to eThekwini Municipality, and it is the Municipality that will decide through robust public engagements on what the site must be utilised for, as we have been doing with all developments in the City,” it concluded.


Source: Infrastructure

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PPP transparency and governance on the African Continent

Within the first 100 days of his administration, President Muhammadu Buhari signaled his administration’s commitment to attracting the private capital and expertise needed to address Nigeria’s infrastructure deficit. This led to a renewed engagement between the World Bank Group and Nigeria to enhance the attractiveness of the Public-Private Partnership (PPP) ecosystem in the country.

One major PPP transparency initiative is the study conducted by the World Bank Group’s PPP team between September 2016 and April 2017 using the Framework for Disclosure in PPPs. The team came up with a PPP Disclosure Diagnostic Report for Nigeria that examined the political, legal, and institutional environment for disclosure of PPPs.

Based on this, the report made specific recommendations to improve disclosure in Nigeria: create an enhanced framework for disclosure of PPPs applicable to all federal government PPP contracts, and move toward greater transparency and openness in all areas of governance in Nigeria. It was noted that PPPs are proven mechanisms to enhance the efficiency of service delivery when implemented in line with best practices ; PPPs also foster transparency and can be used to eliminate corruption.

An initiative that fulfills many of these recommendations will be launched on September 22, 2017, by Nigeria’s Vice President Professor Yemi Osinbajo: the ICRC PPP Contracts Disclosure Web Portal. The launch will be attended by high-level government officials and other members of the government, World Bank Group representatives, private sector executives, financiers, development partners, and civil society organizations.

The portal helps fulfill President Buhari’s goals of fostering transparency and accountability in PPPs in order to attract the much-needed foreign capital and expertise to scale up Nigeria’s infrastructure through PPPs and promote sustainable growth and development.

It also supports a recent Presidential executive order directing all ministries, departments, and agencies to develop policies to ease doing business in Nigeria, including extensive disclosure requirements. The project was designed and funded with assistance from the World Bank Group.

Under the World Bank PPP Global Disclosure initiative, Nigeria is blazing the trail by being the first country to launch this unique and strategically important PPP disclosure web portal.

Source:

http://blogs.worldbank.org/ppps/nigeria-blazes-trail-ppp-disclosures-new-web-portal


Source: Infrastructure

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FIVE FIRMS APPLY TO BUILD 2ND NYALI BRIDGE ON A PPP MODEL

Five (5) firms have applied for pre-qualification to bid for the planned 2nd Nyali Bridge in Mombasa. This follows the close of the Request for Qualification (RFQ) at the end of last week.

The project which will involve construction, operation and maintenance of a six-lane dual carriage bridge (three-lanes on either side) on a Public Private Partnership (PPP) basis and is under the mandate of Kenya Urban Roads Authority (KURA) which is the contracting authority.

The Transaction Advisory for the project is a consortium led by Deloitte (East Africa& India). Other member firms are Iseme Kamau& Maema Advocates, Cliffe Dekker Hofmeyr, H.P. Gauff Ingenieure and Earthcare Services.

The project is planned as a toll bridge, meaning motorists will pay to use the bridge which is expected to greatly enhance transport efficiency between the Island City of Mombasa and the Northern mainland through Nyali region. Feasibility studies have revealed this route has the highest vehicular traffic and therefore most critical in unlocking perennial traffic gridlocks in and around Mombasa City.

The Request for Qualification attracted firms from across the globe as follows:

Consortium of IHI, JOIN (Japan Overseas Infrastructure Investment Corporation for Transport& Urban Development) and Acciona

  1. China Communication Construction Company (CCCC)
  2. Strabag
  3. Consortium of Vinci Highways and Meridiam
  4. Consortium of Mota Engil Africa, AIIM, Egis and Orascom

According to Richard Kyalo, Manager (Transport Economics) at KURA, who chaired the Pre-Qualification Opening Committee, the response by 5 reputable international firms in the project is a sign of strong interest by the market on the project and a mark of confidence in the procurement process.

The 2nd Nyali Bridge Project is among major road projects earmarked for delivery through the PPP Model in the Country. This means a private sector player who wins the competitive tender process will raise financing, do the designs, undertake the construction and Maintenance of the facility and thereafter, get compensation from end user charges collected by the government on their behalf.

Firms pre-qualified at this stage will be invited to bid for the project (Request for Proposal, RFP) after which the eventual winning firm will be picked and awarded the contract to construct the bridge.

PPP Unit Director Eng. Stanley Kamau has hailed the PPP Model in delivery and maintenance of infrastructure in the country, as one which will enable mobilization of private capital as well as private sector efficiencies and innovation in delivering projects, hence accelerated development in the country.

‘Vision 2030 places a lot of emphasis on modernizing and maintaining our infrastructure for Kenya to become a middle-income state with high standards of living for her people. For this to happen, the government must partner with the private sector to undertake more infrastructure projects than those it can undertake while only relying on public financing. Further, we must seek innovative means to better maintain the new infrastructure built’ noted the director


Source: Infrastructure

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