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Publish Date : 29-Jan-2016

The Development Bank of Southern Africa (DBSA) has approved in principle a R3.5 billion loan for the procurement of new Gautrain coaches.

Gauteng Roads and Transport MEC Ismail Vadi said regarding the future plans of the Gautrain Management Agency (GMA) and Bombela Concession Company (BCC) to boost capacity on the Gautrain system, a total of 48 new rail cars will be needed to see the Gautrain system grow over the next 10 years.

During a media briefing in Johannesburg, on Tuesday, MEC Vadi was outlining the business model for the further Gautrain rolling stock.

He said the loan repayment woud be based on a self-funding mechanism, which includes revenue from the increase in passenger capacity.

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