South Africa – INCA Global Loan III

Reference: 20030196
Release date: 16 July 2003

Promoter – Financial Intermediary

Infrastructure Finance Corporation Ltd.

Location

South Africa

Description

Global loan for the financing of infrastructure projects of creditworthy municipalities.

Objectives

To contribute towards better standards of basic municipal services, eg. water, electricity and sanitation.

Comments

Infrastructure (small local projects)

Sector(s)

Credit lines

Proposed EIB finance (Approximate amount)

Up to EUR 30 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

Projects will be expected to comply with national environmental legislation.

Procurement

N/a

Status

Signed - 11/12/2003

Project data sheet(s)

INCA INFRASTRUCTURE GLOBAL LOAN III

Our activities in South Africa

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General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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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Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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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).

Related tags

South Africa Credit lines