Standard Bank backs R9bn Gautrain modernisation deal
Standard Bank has fully underwritten the debt package supporting a R9 billion investment in the Gautrain, securing the capital structure for the system’s new 15-year public-private partnership (PPP) concession.“Having helped fund the system’s original development, Standard Bank is proud to back the investment that will define its next chapter,” she said.
Agnes Nkosi, client coverage executive vice-president for infrastructure at Standard Bank Corporate and Investment Banking, said underwriting the full debt package reflected the bank’s confidence in the Gautrain’s long-term importance and its ability to finance complex infrastructure projects.
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