Reference:
20060563
Release date: 23 October 2007
Release date: 23 October 2007
Promoter – Financial Intermediary
Absa Bank
Development Bank of Southern Africa
National Housing Finance Corporation
Nedbank
Standard Bank of South Africa
Location
Description
Line of credit for funding the supply of affordable and social housing and associated urban infrastructure, including social amenities.
Objectives
Financing of investments by private developers and non-profit entities e.g. Social Housing Institutions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
Not applicable
Environmental aspects
The project will comply with both national standards and international recommendations in the field of environment and the protection of nature conservation sites.
Procurement
Procurement will be in accordance with the Bank’s Guide to Procurement.
Status
Signed - 28/05/2008