‘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.
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