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Project 2: Mendi Rail

Project 2: Mendi Rail

Sector: Manufacturing

ZAR150 million (USD11.39 million or €9.5 million)

Project Summary

Mendi Rail’s vision is to be a world leading manufacturer and supplier of high quality rail infrastructure components such as concrete sleepers and fasteners. The company wishes to take advantage of the growing rail infrastructure demand in Southern Africa. In particular, the Passenger Rail Agency of South Africa (PRASA) and Transnet Freight Rail (TFR) have concluded a plan to expand their respective rail network by 2025 via a capex program of ca. €20.32 billion. The project is at a
feasibility stage that will involve constructing a manufacturing plant for testing and certifying the rail components. The second phase includes the establishment of a manufacturing plant with an annual output of 400 000 units

Project Development Stage Bankable Feasibility Study
NEF Investment to Date ZAR15 million (USD1.1 million or €946 000)
NEF Equity
Project Promoter Mendi Rail
Projected Financial Close Requirement ZAR150 million (USD11.39 million or €9.5 million)
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