Parastatal may seek private support for specialist needs
March 10, 2010
By SLINDILE KHANYILE
Transnet would consider involving private investors in specialist projects, but this still required shareholder approval, Chris Wells, the acting group chief executive, said yesterday.
Wells said although it would be difficult to attract private backers in its multibillion-rand pipeline projects, whose costs had escalated due to the uncertainty in the tariff application, Transnet was looking at three other separate areas to bring in private funders.
"The three areas are if Transnet is called to business that we don't want to invest in, the private sector could make an investment."
Private investors could also be brought in if there was a project to develop specialist equipment for one customer.
"We could invite the private sector to invest and we would operate it.
"The third area is where there is significant growth that we believe is fundamental for Transnet, but we don't have the capacity on our own."
It has approved capital expenditure totalling R93 billion for the next five years, up from R80bn. - Slindile Khanyile
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