Transport Minister announces new unit to attract private sector investment in Transnet

THE Department of Transport has roped in the Development Bank of Southern Africa (DBSA) and the National Treasury to shepherd the newly formed Public Sector Participation (PSP) Unit in preparation for private investment.

- BANELE GININDZA

Transport Minister Barbara Creecy revealed the plans to habilitate Transnet through the PSP as Request for Information (RFI) was announced during a media briefing on Sunday.

Creecy said arrangements were at final stage for the DBSA and Treasury to be be hosting institutions for the unit,

The unit will comprise a team with extensive expertise in structuring PSP contracts and procurement, which is expected to to enhance State capacity and provide support to Transnet and Passenger Rail Agency of SA (Prasa) in the procurement of potential PSP projects.

Creecy said the RFI was in response to numerous unsolicited proposals from the private sector offering investment, skills, and expertise to support the rehabilitation and reform of the struggling rail and port systems.