Release date: 3 March 2003
Promoter – Financial Intermediary
Development Bank of Southern Africa
PO Box 1234
Midrand, Halfway House
1685, South Africa
Location
Description
Global Loan for infrastructure projects in the broadest sense to cover water, sanitation, electricity, connector services, urban renewal, access roads, etc.
Objectives
The project aims to alleviate poverty across South Africa. DBSA plays a key role in programmes that provide basic services (in particular those being the object of this global loan) to communities via provincial and local governmental structures, by offering those structures not only financing at affordable rates but also technical assistance, capacity building, private/public sector facilitation, development information and policy research, analysis and support.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 80 million
Environmental aspects
South Africa has a stringent Environmental Legislation and DBSA’s environmental assessment practices are in line with international best practice.
Procurement
All provincial and local authorities have procurement guidelines, which are comparable with EU directives.
Status
Signed - 16/04/2003