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1、05 April 20111. New Rolling Stock Investment Outlook 2. Key Strategic Issues 3. Why focus on Market Engagement Process4. Project Progress to date4. Overall Rolling Stock Programme in the months ahead5. ClosureOverviewNew Rolling Stock Investment OutlookEmbarking on an 18 year programme, with procure

2、ment anticipated to commence in 2012 2030;Totals approximately 8 600 coaches for Metro rail operations (equal 718 new train sets) over the period ahead;Investment of approximately R86 billion over an 18 year period reflecting the capital portion;Some 2 000 new long-distance locomotives/coaches phase

3、d over the same period estimated cost of R11 billion; andPreliminary funding requirement (metro service & long-distance rail service)Estimated = R97 billionWhat are the strategic issues considered in relation to this investment outlookKey consideration Local content target 65%; Technology compat

4、ible to local requirements; Skills (engineers & other related fields) upskilling of the railway engineers; Re-establish the local manufacturing of new train sets stimulate the rail industry; Creation of sustainable job opportunities through this programme both direct and indirect jobs; Long-term

5、 certainty to the industry and financiersWhy focus on Market Engagement Process Alignment with current South African industrial policy requirements; Projects appeal to the market both from manufacturing and financing viewpoint; Minimum demand requirements for the required investment in a rolling sto

6、ck industry; The manufactures ability to supply the quantities of rolling stock required to specifications that suit local requirements; and The financiers ability to provide long-term finance to the rolling stock fleet renewal programmeProgress to date The rolling stock renewal programme already en

7、dorsed by the Minister of Transport; Inter-ministerial team which include the National Department of Transport, National Treasury, Department of Trade and Industry and Department of Public Enterprise was established to oversee the delivery of the programme; Funding for the study has already been fun

8、ded by the National Treasury; A transaction advisor for the project has been appointed; The development of a detailed study for the procurement of new rolling stock has commenced; and Minister of Finance confirmed the new rolling stock investment during the February 2011 budget speechNew Rolling Sto

9、ck Programme in the months aheadNumberDeliverableDue Date1.Development of a detailed study for the procurement of new rolling stock for metro and long-distance rail services15 June 20112.Conduct a market engagement5th 7th April 20113.Conclude the feasibility study2 June 20114.Submission of the study

10、 results to the Shareholder national Department of Transport20 June 20115.Submission of the study results to the National Treasury for budget consideration30 June 20116.Submission of the Cabmemo for considerationJuly 2011New Rolling Stock Programme in the months ahead (cont)7. Finalise the funding arrangements for the programmeMid-February 20118.Issue a Request for Proposals suppliers of the technologyMid-March 20129.Bid evaluation and selection of the preferred bidderEnd-August 201210.Approval of the preferred bidderEnd-September