The ADB loan is in addition to Rand 4 billion that Transnet has already secured from other development-finance and export credit agencies over the past few years, a list that includes the French Agency for Development, Finnvera, Atradius, the Japanese Bank for International Cooperation and Aflac.
Transnet wants to raise Rand 41.1 billion over the next five years, of which Rand 35 billion will arise from debt capital markets with a further Rand 73.1 billion is to be generated internally. The group hopes to source around Rand 17.2 billion in 2010-11.