The majority of the manufacturing for the ambitious and innovative plan will be localized in South Africa, building out an entirely new train infrastructure industry, which could lead to the creation of thousands of jobs. With a total estimate of more than USD12 billion, the PRASA initiative is on track to be the largest infrastructure procurement transaction in South Africa’s history.
KPMG in South Africa was the lead adviser for the feasibility study that led to this bold commitment, and subsequently has been appointed lead commercial and financial adviser, and joint lead localization adviser for the procurement phase of the project.
With the leadership of the KPMG infrastructure practice, the feasibility study was completed in just eight months, winning praise from the South African Government for providing the robust and thorough analysis required to take the project forward.
According to DeBuys Scott, Head of Infrastructure for KPMG in South Africa, the project has also included critical support from the infrastructure team with KPMG in Portugal as well as KPMG’s global infrastructure leadership: “This type of major and complex infrastructure advisory work requires extensive local and global capability. The consistent track record of KPMG firms in winning these kinds of flagship projects is testament to KPMG’s position in advisory for infrastructure around the globe.”