€100m EU fund to accelerate SA projects

14 March 2014

The European Union (EU) has appointed the Development Bank of Southern Africa (DBSA) as its fund manager for a €100-million Infrastructure Investment Programme for South Africa (IIPSA) designed to accelerate the preparation of social and economic infrastructure projects in South and southern Africa, Engineering News reports.

The fund specifically aims to move priority energy, transport, water, information and communications technology, education and health projects from “concept to bankability”.

EU Head of Delegation to South Africa Ambassador Roeland van de Geer said the aim was to leverage the work done under the aegis of the IIPSA to crowd in public, development and private finance to begin dealing with the growth-constraining infrastructure backlogs in South and southern Africa.

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