TransAfrica has kicked off its inaugural transport, infrastructure and investment expo, bringing together leaders in the African transport industry.“We’re proud to announce the launch of an expo that brings together key stakeholders and addresses the future growth and investment of transport and related infrastructure in Africa,” says Gary Corin, Director of Umthombo Exhibitions, Events and Promotions. With South Africa’s transport infrastructure being one of the most developed in Sub-Saharan Africa, the world has their eye on Africa as a promising opportunity with the potential for exponential growth. This has made South Africa a conduit for international trade. TransAfrica will be held at the Expo Centre, Nasrec, Johannesburg from 1-4 October 2013. In the 2013 Budget Speech, Minister of Finance, Pravin Gordhan said that government remains committed to a large-scale infrastructure investment programme. The allocation to the Department of Transport increased from R42.3 billion next year to R53.4 billion in 2015/16, reflecting increased allocations to the Passenger Rail Agency for its rolling stock procurement programme and further investment in the national road network.
Furthermore, Transnet, which owns the majority of ports and freight railways in the country, is in its second year of a record-breaking seven-year R307 billion rolling infrastructure development programme to improve South Africa’s transport system, bringing large-scale investment to South Africa’s largest ports. Last year the company, which funds its projects on the strength of its balance sheet, spent an unparalleled R27.5 billion.“With this phenomenal infrastructure spend at the forefront of our transport sector, TransAfrica will provide an unrivalled exhibition and conference platform, designed to showcase innovation and facilitate discussion between thought leaders and highlight enormous infrastructure and growth potential,” says Corin. “TransAfrica will also underline opportunities available within the transport sector, particularly around empowerment, skills development and employment opportunities, empowering delegates from across Africa with information on how to seize new opportunities within the African transport sector,” he added. As a strategic platform, TransAfrica is aligned to Transnet’s vision for South Africa’s transport sector. “This event will provide the ideal platform to learn how to take advantage of the expected growth in transport infrastructure and investment,” says Corin. “We look forward to launching this critical industry event, which is set to become a leading annual fixture on the South Africa transport industry events calendar,” he concluded.