to promote African regional economic integration
2 March 2009
It is all system goes for the inaugural Gauteng Nepad Summit the first of
its kind in the country. The summit will place focus on Nepad projects
implementation at a sub-national level.
Gauteng Premier Mr Paul Mashatile will on Wednesday, 4 March 2009 officially
open the summit at the Sandton International Convention Centre starting at
09h00.
The summit is expected to be attended by African ambassadors, economic
development agencies from the continent, leading players and commentators in
the Global City Region arena and over one thousand delegates across Africa.
The massive US $3,3 billion Gautrain project and its $1,584 billion Lagos
counterpart could provide an example of how African countries might collaborate
on major projects in the near future, explained summit organiser, Mudunwazi
Baloyi.
The multi-billion Lagos initiative will link Marina to Agbado, using the
existing Nigerian Railway (NRC) corridor. The second part of the project will
connect Marina to Okokomaiko, linking several other parts of the city and using
the median of the soon to be reconstructed Lagos-Badagry Expressway.
"The Lagos undertaking bears many similarities to the Gautrain project, in
terms of sheer scale and the benefits it will bring to millions of people,"
says Gauteng Economic Development Agency (GEDA) CEO Blake Mosley-Lefatola. "The
Nepad Summit provides the ideal platform at which African countries can
collaborate on such schemes in the years to come," added Mosley-Lefatola.
The Gautrain project is the biggest of its kind ever in South Africa. When
it is completed in 2011, rail transport in the Johannesburg area will enter a
new era. The project will equip the massive population centre of the Gauteng
area with a rapid transport service, providing a safe, efficient and reliable
service to both commuters and airport travellers.
The Gautrain project has been the subject of extensive planning, following
feasibility studies in the late 1990s to produce the first plans for a
north-south and east-west rail route serving the Gauteng province. As with many
other rapid transit projects; Gautrain is aimed at reducing road congestion and
aiding economic development.
The project is being managed as part of the Gauteng Department of
Finance and Economic Development's Public Private Partnership Unit and was
initiated by the provincial government. Meanwhile in Lagos, Governor Babatunde
Fashola said the concessionaire for the first of the two lines involved is
expected to invest an initial amount of $271 million.
He said the line had an economic internal rate of return (IRR) of about 22
percent. Both rail lines have the potential to carry more than 1,6 million
passengers daily. While the one covers a distance of 27 kilometres, with 13
stations, the other is a 37 kilometres long line comprising the same number of
stations.
Fashola said the capital cost of infrastructure for both lines would be
borne by the Lagos State Government. Mosley-Lefatola, meanwhile, believes the
Gauteng Nepad Summit will result in a "new way forward for Africa."
"The Lagos and Gautrain projects are the sort of initiatives where
African countries can swap ideas and work together. The summit will result in
numerous joint initiatives, which will benefit Africa and all her people," he
said.
For more information contact:
Barba Gaoganediwe
Tel: 011 833 8750
Cell: 083 446 7844
E-mail: barba@geda.co.za
Issued by: Office of the Premier, Gauteng Provincial Government
2 march 2009
Source: SAPA
