Release date: 18 October 2005
Promoter – Financial Intermediary
Republic of South Africa, Department of Water Affairs and Forestry (DWAF) and Trans-Caledon Tunnel Authority (TCTA) as implementing agency.Location
Description
Construction of an intake in the Vaal dam reservoir and a 118 km pipeline to Secunda to supply up to 160 M m3 of water annually to Eskom and Sasol.
Objectives
The project’s objective is to meet the growing water demands of ESKOM (power) and SASOL (petroleum products) and to reduce the risk of (an economically very costly) disruption in water supply to the two users.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The project complies with the Bank’s environmental principle of minimisation of negative environmental impacts, and is deemed environmentally acceptable. An extensive public consultation process is an integral part of South Africa’s very sound environmental impact assessment procedures.
Procurement
Procurement will be in accordance with National Procurement Rules as accepted by the Bank.
Status
Signed - 22/12/2005