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Copyright
© 1999 FleetWatch magazine and FleetWatch On-Line.
No
part of this publication may be reproduced without the prior written
permission from the publishers. Views published are not necessarily
those of the publishers.
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Supplements - N3 Toll Commission
 Equity
& Finance
Equity guarantees have been provided by
the N3TC shareholders, namely:
- LTA Limited
- Murray & Roberts Limited
- Grinaker Construction Limited
- Kobi-Infrastructure (Proprietary)Limited
- Fikile Projects cc
- BKS Group (Proprietary) Limited
- Africon Infrastructure Investments (Proprietary)
Limited
- Infra-Africa Investment Holdings (Proprietary)
Limited
- Rangwato Freddie Projects cc
- PIC – Isibaya Fund
- Procon Africa (Proprietary) Limited
- Development Engineering Consultants
cc
- PD Naidoo and Associates (Proprietary)
Limited
- John Muller and Associates cc
- Sankar, Govender and Associates cc
20% of the equity comes from the institutional
investors including the South African Infrastructure fund and Old Mutual.
The rest of the finance will be available via loan commitments made
by the following institutions:
- Rand Merchant Bank (Lead financial arrangers
for N3TC)
- The Development Bank of Southern Africa
- BOE Bank Limited
- European Investment Bank.
- CPI linked lenders (various)
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