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DETAILS - GAUTRAIN TICKEY IN POUCH
2½ CENT Mass: 1.4138 grams Diameter: 16.30 mm Metal Content: Ag 925 Cu 75
Description:
GAUTRAIN
In 2012 a new theme was introduced on the Sterling Silver coin series, called "Trains of South Africa", depicting the "Gautrain"
The Gautrain is a state-of-the-art 80km railway system linking the Gauteng Province's two main cities, Johannesburg and Pretoria, to the O R Tambo International Airport. This high-speed passenger train was built to offer an alternative to road transport, with the aim of relieving the traffic congestion between Johannesburg and Pretoria, and to expand the transport system. At the time of its construction, it was the largest public-private partnership in Africa.
Linking private enterprise and government in a project designed to become the central hub of a future integrated transport project for South Africa ’s commercial heart, the Gautrain is the largest Public Private Partnership (PPP) yet launched in South Africa. With a project value of about R20 billion, the Gautrain project led by the Gauteng Provincial Government (GPG) has been structured to ensure that the government and the concessionaire, the Bombela International Consortium, operate within a strict set of financial and time parameters. The financial parameters are designed to take account of the risk associated with South Africa ’s fluctuating macro economic parameters. The careful structuring of the responsibilities and risk allocation of all the parties in the PPP will ensure that the Gautrain will be developed within the originally negotiated cost, ensuring that taxpayers funds are optimally utilized and the threat of huge financial ‘over-runs’ are avoided.
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