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...
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...
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...
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)...
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...
The multi-million rand railway project will create thousands of jobs – 3,000 and 6,500 in each country respectively. Transnet said on Friday that plans are well under way for its multi-million rand railway project Swaziland Railway. South Africa and Swaziland signed the project Memorandum of Understanding in 2012 with the aim that...
German industrial group Siemens and French rival Alstom agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC. Siemens will own 50 percent plus a few shares of the joint venture, to be called Siemens Alstom, while Alstom will supply Henri...
Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that its 50:50 joint venture with FCC Aqualia, a subsidiary of FCC, has signed an engineering, procurement and construction (EPC) contract to build Abu Rawash Wastewater Treatment Plant in Egypt for approximately USD 320 million. The facility will have a capacity of...
Milverton Reynolds, managing director of the Development Bank of Jamaica (DBJ), announced yesterday that the Bank has received nine applications in response to the Government of Jamaica’s (GOJ) Request for Qualification (RFQ) for the Norman Manley International Airport (NMIA) public-private partnership project.Issued on February 20, 2017, the RFQ closed on...
