Release date: 31 March 2005
Promoter – Financial Intermediary
eThekwini Municipality.Location
Description
The project contemplates the co-financing of the multi-sector investment programme of the city of eThekwini 2005-2008 (former Durban), which includes capital expenditures for infrastructure (water, electricity and roads) and housing.
Objectives
Improve the safety and the quality of life of citizens, and redress observed social and spatial inequalities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million.
Total cost (Approximate amount)
EUR 500 million.
Environmental aspects
The project has no significant environmental impact. Given the likely nature, scale, and location of sub-projects, it is unlikely that an EIA will be required in most cases.
Procurement
Procurement will be in accordance with the Finance Management Initiative launched by the National Treasury, and consistent with EIB’s usual procurement guidelines.
Status
Signed - 21/07/2005
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).