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EU, development bank lend US$137 million for South African infrastructure

  27.03.2014    

The European Union and the Development Bank of Southern Africa (DBSA) have jointly launched a ZAR1.5 billion (US$137.6 million) infrastructure investment programme for South Africa to provide grant funding in support of loans for essential infrastructure projects in South Africa and the region, according to Shipping Gazette.
The fund was established following a joint initiative between the South African government and the EU and forms part of Europe's broader intervention under its country strategy for South Africa, reports the UK's Transport Intelligence.
"We view this programme as a strategic intervention to fund South Africa's national and regional infrastructure projects, especially at the critical initial stages to prepare projects to bankability," said DBSA chief executive Patrick Dlamini.



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