Tshwane borrows R1.6bn for infrastructure development

13 June 2014

The Development Bank of Southern Africa (DBSA) and the City of Tshwane signed a R1.6-billion long-term loan facility on Thursday to support the city’s capital expenditure programme.

This facility aims to accelerate the eradication of backlogs in water and sanitation, roads, electricity and housing-related infrastructure, and support Tshwane’s growth and development initiatives, the DBSA said in a statement.

“Supporting municipalities to deliver socioeconomic infrastructure remains an important focus area for the DBSA to address the country’s challenges of high unemployment, poverty and inequality,” noted the development finance institution.

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