Release date: 24 November 2004
Promoter – Financial Intermediary
City of Tshwane Metropilitan Municipality (CTMM)Location
Description
The project involves the co-financing of the 2004-2007 investment programme of the Tshwane Municipality, which includes capital expenditure for infrastructure (water, electricity and roads).
Objectives
Increase the quality of life in the city, particularly in those areas, mostly in the North, where 40% of the population is located, which is suffering from poor access to piped water, sanitation and electricity.
Comments
Multisector, including urban infrastructure and utilities
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 500 million
Environmental aspects
Urban infrastructure and services are usually relatively innocuous for the environment and some of the investments foreseen (green areas, urban renewal) will in fact have very positive results for the local environment and the quality of life of CTMM inhabitants.
Procurement
CTMM will abide by the principles of proper accounting and proper bidding procedures for municipal construction and operation contracts.
Status
Signed - 21/06/2005
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).