Additional R2.8 billion in infrastructure finance secured by CoCT

  • 📰 CapeTownEtc
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The International Finance Corporation has granted the City of Cape Town R2.8 billion in infrastructure funding (IFC). Through June 2027, Cape Town plans to invest R39.5 billion in infrastructure.

‘We are pleased to secure further finance towards our ambitious infrastructure investment agenda, which we estimate will create 130 000 construction-related jobs alone over three years,’ says Mayor Geordin Hill-Lewis.

With an 18-year tenure, the IFC loan will assist the city in investing responsibly in assets with lengthy operational lifespans, he says. ‘We are delighted to announce our collaboration with the City of Cape Town in enhancing the standards of water and sanitation services, wastewater treatment, roads infrastructure and power supply to boost the city’s resilience,’ notes IFC Southern Africa Regional Director Cláudia Conceição.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 17. in BE

Belgique Dernières Nouvelles, Belgique Actualités