Photo by Shutterstock
Road and Railway Infrastructure
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Business Model Description
Invest in road and railway development in form of public-private partnerships through tenders issued by the Eswatini Public Procurement Regulatory Agency, including network upgrades, railway extensions, highway projects and road maintenance under a design, finance and build model.
Improve quality and availability of transportation and spur economic productivity through enhanced trade opportunities.
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
- 1) Ministry of Economic Planning and Development. 2019. National Development Plan (NDP) 2019/20-2021/22. http://www.gov.sz/images/CabinetMinisters/NDP-2019-20-to-2021-22-final.pdf 2) Ministry of Economic Planning and Development. 2019. Voluntary National Review. https://sustainabledevelopment.un.org/content/documents/24651Eswatini_VNR_Final_Report.pdf 3) Ministry of Tourism and Environmental Affairs & Ministry of Economic Planning and Development. 2021. Kingdom of Eswatini’s Revised Nationally Determined Contributions (Offline) 4) Government of Eswatini. 2020. Post COVID-19 Kingdom of Eswatini Economic Recovery Plan. http://www.gov.sz/images/CORONA/FINAL-POST-COVID-19-ECONOMIC-RECOVERY-PLAN-ESWATINI-14082020_compressed.pdf 5) Ministry of Commerce Industry and Trade. 2015-2022. Industrial Development Policy. https://www.gov.sz/images/MOCIT/Industrial-Development-Policy-2015---2022-Swaziland-FINAL-AND-ADOPTED.pdf 6) Government of Eswatini. 2019. Kingdom of Eswatini Strategic Roadmap 2019-2022. http://www.gov.sz/images/CabinetMinisters/STRATEGIC-ROADMAP-2018-2023---MAY-2019.pdf 7) Ministry of Economic Planning and Development. 2017. The Strategy for Sustainable Development and Inclusive Growth (SSDIG) Offline
- 8) African Development Bank. 2021. Eswatini - Country Strategy Paper 2020-2024. https://www.afdb.org/en/documents/eswatini-country-strategy-paper-2020-2024 9) Eswatini Railways. 2022. The Eswatini Rail Link Project. https://www.esrl.net/ 10) African Development Bank. 2014. Manzini to Mbadlane (MR3) Highway Project. Appraisal report. https://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/Swaziland_-_Manzini_to_Mbadlane__MR3__Highway_Project_-_Appraisal_Report.pdf 11) Swazi Observer. 2020. Stefanutti Sa Lion's Share in E2.6BN Tenders. http://new.observer.org.sz/details.php?id=14198 12) Stefanutti Stocks Swaziland. 2022. Where we operate. https://stefanuttistocks.com/where-we-operate/swaziland/ 13) Swazi Observer. 2021. Probase Eswatini Covers over 90% of Road Project. http://new.observer.org.sz/details.php?id=17295 14) Roads quality - Country rankings. 2019. Eswatini. https://www.theglobaleconomy.com/rankings/roads_quality/ 15) Global Road Safety Facility. 2021. Eswatini's Road Safety Country Profile. https://www.roadsafetyfacility.org/country/eswatini 16) Repository on Disability Rights in Africa (RODRA). Simangele Daisy Mavundla. 2018. Revised Country Report: Kingdom of Eswatini (Swaziland). http://www.rodra.co.za/index.php/eswatini-country-reports/31-countries/eswatini/80-revised-country-report-eswatini-swaziland 17) The World Bank. 2019. Mortality caused by road traffic injury (per 100,000 population) - Eswatini. https://data.worldbank.org/indicator/SH.STA.TRAF.P5?locations=SZ 18) World Cities Report. 2020. Share of the population with convenient access to public transport, 2019. https://www.researchgate.net/figure/Share-of-the-population-with-convenient-access-to-public-transport-2019-Source-World_fig4_356254430 19) Swaziland (Eswatini) Railways. 2014. Environmental Assessment Report for the Environmental Impact Assessment. http://eea.org.sz/wp-content/uploads/2020/08/SwazilandRailLinkProjectEIAreportFinal.pdf 20) Eswatini Railways. 2019. Eswatini Spotlight: Infrastructure Projects and Updates. https://www.transportevolutionmz.com/wp-content/uploads/2019/05/Swaziland-spotlight.pdf 21) Climate Change Knowledge Portal. 2020. Eswatini. https://climateknowledgeportal.worldbank.org/country/eswatini/vulnerability#:~:text=Eswatini is at risk of,floods%2C storms and forest fires 22) Ministry of Agriculture. 2016. National Agriculture Investment Plan. https://www.gov.sz/images/MOAG/SWAZILAND-NATIONAL-AGRICULTURE-INVESTMENT-PLAN-SNAIP.pdf 23) Times of Swaziland. 2021. INYATSI TO FIX 15 GRAVEL ROADS. http://www.times.co.sz/news/132875-inyatsi-to-fix-15-gravel-roads.html 24) International Labour Organization. 1972. Factories, Machinery and Construction Works Act 1972. https://www.ilo.org/dyn/natlex/natlex4.detail?p_lang=en&p_isn=16549 25) Government of Eswatini. 2007. Swaziland Road Traffic Act, https://osall.org.za/docs/2011/03/Swaziland-Road-Traffic-Act-6-of-2007-Part-3.pdf 26) Swaziland Government Gazette. 1981. The Swaziland Railway Act, 1962. https://gazettes.africa/archive/sz/1981/sz-government-gazette-dated-1981-12-18-no-136.pdf 27) Eswatini Railways. 2018. Annual Report 2017/18. https://eswatinirail.co.sz/wp-content/uploads/2021/07/2018-Annual-Report.pdf?iframe=true 28) Central Bank of Eswatini. 2021. Export Credit Guarantee Scheme. https://www.centralbank.org.sz/wp-content/uploads/2021/04/EGGS-Sep-2021.pdf 29) Central Bank of Eswatini. 2021. Small Scale Enterprise Loan Guarantee Scheme. https://www.centralbank.org.sz/wp-content/uploads/2021/04/Small-Scale-Guarantee-Scheme-brochure-Sep-2021.pdf 30) Industrial Development Company of Eswatini. 2021. Corporate Loans and Equity. https://www.idce.co.sz/products/corporate/ 31) U.S. Department of State. 2021. 2021 Investment Climate Statements: Eswatini. https://www.state.gov/reports/2021-investment-climate-statements/eswatini/ 32) The Eswatini Investment Promotion Authority. 2021. Local Business Trade Assistance. https://investeswatini.org.sz/local-business-trade-assistance/ 33) K4D. Carlo Luiu et al. 2018. Rates of return for railway infrastructure investments in Africa. https://opendocs.ids.ac.uk/opendocs/bitstream/handle/20.500.12413/14214/422_Rates_of_Return_for_Railway_Infrastructure.pdf?sequence=1&isAllowed=y 34) Railway Technology. 2020. Eswatini Rail Link Project (ESRL). https://www.railway-technology.com/projects/eswatini-rail-link-project-esrl/ 35) Times of Swaziland. 2020. E30M Requirement for 2 Govt Road Projects. http://www.times.co.sz/business/130092-e30m-requirement-for-2-govt-road-projects.html 36) Eswatini Government Gazette. September, 2007. The Road Transportation Act Notice. https://gazettes.africa/archive/sz/2007/sz-government-gazette-dated-2007-09-20-no-98.pdf 37) UNDP Stakeholder Consultation with Ministry of Public Works and Transportation. February, 2022 38) Eswatini Public Procurement Regulatory Agency. Public Procurement Regulations 2020. https://sppra.co.sz/sppra/documents/regulations/Pages%20from%20Eswatini%20Government%20Gazette%20-%2018th%20Dec%202020.pdf 39) Ministry of Finance. February 2022. Budget Speech 2022. https://www.gov.sz/images/CabinetMinisters/Budget-Speech-2022---FINAL.pdf