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HomeConstruction and EngineeringFunding sought for new railway lines within SEZ

Funding sought for new railway lines within SEZ

Funding for professional work for Front End Loading 3 required by Transnet.

  • Project location: Maluti-a-Phofung Special Economic Zone (MAP SEZ)
  • Region: Free State Province, South Africa
  • Economic sector: Infrastructure Development

Project description:

  • Following Gateway Review 2, Transnet Freight Rail will begin with Front End Loading 3 (design stage) process
  • Funding for professional work for Front End Loading 3 required by Transnet
Sources of funding:
  • Transnet, Department of Trade and Industry or relevant funder
Funding gap: R50-million
Incentives available:
  • Preferential 15% Corporate Tax
  • Building Allowance
  • Employment Incentive
  • 12I Tax Allowance
Empowerment:

The project will seek to employ previously disadvantaged persons including the youth. 80 direct / indirect jobs to be created.

Project schedule:
  • 10-month construction program
Project status:
  • Transnet currently does not have the funds to finance the Front End Loading 3 Project
  • Transnet has elected to first access the freight demand in the area before commencing with Front End Loading 3 process
Current partnerships:
  • Transnet
  • MAPSEZ
To discuss, please contact the Project Manager:
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Featured image by James Timothy Peters from Pixabay 

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