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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
South Africa : € 80,000,000
Water, sewerage : € 80,000,000
Signature date(s)
16/05/2011 : € 80,000,000
Link to source

Summary sheet

Release date
6 January 2010
Status
Reference
Signed | 16/05/2011
20080666
Project name
Promoter - financial intermediary
Mooi-Mgeni Transfer Scheme Phase 2
Trans-Caledon Tunnel Authority (TCTA)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million
EUR 200 million
Location
Sector(s)
Description
Objectives

Construction of a dam in the Mooi River and a conveyance system to the Mgeni water supply system in KwaZulu Natal province in South Africa.

The project will provide an additional 60 M m3 per year to cover the water needs of 5.5 million people by 2025.

Environmental aspects
Procurement

All the components included in the project were submitted to an EIA approved by the national environmental authority in June 2009. According to the approval, the impact could be properly mitigated with minor residual and permanent negative effects. The national regulations and promoter's practice on EIA apply international best practice. A full-scale public consultation was part of the assessment and the documents provided by the promoter on this matter did not reveal any relevant opposition to the project.

The promoter will follow procedures based on international competition and taking into account the national legislation. The pre-qualification for the tendering of the major component, the Spring Grove dam was published in the EUOJ of 12 August 2009.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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