Release date: 4 March 2009
Promoter – Financial Intermediary
Development Bank of Southern Africa (DBSA)
Location
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)
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
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).