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