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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    South Africa : € 30,000,000
    Composite infrastructure : € 30,000,000
    Signature date(s)
    21/07/2005 : € 30,000,000
    Link to source

    Summary sheet

    Release date
    31 March 2005
    Status
    Reference
    Signed | 21/07/2005
    20050174
    Project name
    Promoter - financial intermediary
    Metro Municipality Project II - eThekwini
    eThekwini Municipality.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million.
    EUR 500 million.
    Description
    Objectives

    The project contemplates the co-financing of the multi-sector investment programme of the city of eThekwini 2005-2008 (former Durban), which includes capital expenditures for infrastructure (water, electricity and roads) and housing.

    Improve the safety and the quality of life of citizens, and redress observed social and spatial inequalities.

    Environmental aspects
    Procurement

    The project has no significant environmental impact. Given the likely nature, scale, and location of sub-projects, it is unlikely that an EIA will be required in most cases.

    Procurement will be in accordance with the Finance Management Initiative launched by the National Treasury, and consistent with EIB’s usual procurement guidelines.

    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).

    News & Stories

    General enquiries and comments

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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.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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