About the project The Bakwena Road consists of a 95km section of the N1 highway running from Pretoria northwards, and a 290km section of the N4 highway running from Pretoria westwards, to the Botswana border. The route was designed to form part of the Maputo development corridor and in turn, stimulate agriculture, manufacturing, mining and tourism by connecting South Africa’s industrial and commercial heartland, the Witwatersrand, with its nearest deep water port in Maputo, Mozambique. The toll road has been fully operational since December 2004, and the blended annual average growth rate from 2004 to 2009 was more than 9%. Financing AFC was approached by African Infrastructure Investment Managers (AIIM) to co-invest in an equity investment to part-fund the acquisition of Infrastructure Concession South Africa (Pty) Ltd, a special purpose vehicle established to hold 50% of Bakwena Platinum Corridor Concession (Pty) Limited, a toll road concession company that operates t...
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