DBSA Municipal Infrastructure Line of Credit

Promoter – Financial Intermediary

Development Bank of Southern Africa (DBSA)

Location

• South Africa

Description

Line of credit for on-lending to municipal infrastructure projects.

Objectives

Improve the availability of long-term funding in local currency in order to assist South African municipalities with the provision of basic infrastructure and services.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 60 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The financial intermediary will be required to ensure compliance of the sub-projects with the Bank’s environmental requirements, and to provide an environmental summary with every sub-project.

Procurement

Procurement for projects to be financed from the proposed operation will be in accordance with the Bank’s procurement guidelines for credit lines outside the EU.

Status

Signed - 26/06/2009