• 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

 

• Route designed as part of intercontinental axis to stimulate agriculture, manufacturing, mining and tourism traffic, with combined urban and intercity tolling

 

• Early maturity stage toll-road, fully operational since December 2004, with proven traffic charactersitics and blended annual average growth rate from 2004 to 2009 of more than 9.0%

Transaction Highlights:

• AFC USD20.0million equity investment as part of USD160.0 million postcompletion acquisition transaction

 

• Financing partners include: Macquarie, Old Mutual, Kagiso (a BEE fund) and PIC, the South African pension fund manager

 

• Significant decrease in transportation costs since inception, reducing travel times and vehicle operating costs through improved road surfaces