“It is estimated that Africa will need to invest at least US$100-billion in the next decade to upgrade its infrastructure, if it is to realize the economic growth potential presented by its existing newly found vast mineral and other natural resources, such as coal, iron ore, oil and gas”, says David Humphrey, Global Head of Power and Infrastructure at Standard Bank.
David will speak about developing new models of finance to bring vital heavy haul rail projects to fruition at the 2014 Heavy Haul Rail Africa conference, to be held on the 19-20 March in Johannesburg. His talk will give an insight into the degree of investment required to cope with the ever expanding demand for African resources. David will investigate the mix of public and private investments required to cover these needs and take a closer look at the opportunities for collaboration with private investors.
David joined Standard Bank in October 2009. He is responsible for developing the Bank’s involvement in the growth of this core sector in Africa, and helping clients expand their activities into or within Africa.
David has had a career in asset based project finance deals in Europe and Africa, and has specialised in rail and telecoms. He has recently been involved in projects in Mozambique, Congo and Sierra Leone.
David was formerly employed at the Strategic Rail Authority and then Babcock & Brown (B&B) in the UK, specialising in rail finance. He was involved in many of the major projects in the late 1990’s and 2000’s, including the West and East Coast Main Line developments in the UK, and investment in the rolling stock market in Europe, including the purchase of Angel Trains from RBS in 2008.
For more information about the conference, please visit the Heavy Haul Rail Africa website.