Release date: 12 September 2008
Promoter – Financial Intermediary
The South African National Roads Agency Ltd (SANRAL)Location
Description
The project is part of a wider programme for the extension and upgrading of the national road network in northern South Africa. The following three schemes are currently envisaged for EIB part-financing:
- The widening of the R21 between Pretoria and the O.R. Tambo International Airport near Johannesburg;
- The upgrading of the N17 East Toll Road (linking Johannesburg and Swaziland) between Springs and Ermelo; and
- The completion of the Polokwane Eastern Bypass.
Objectives
Address the current capacity constraints and improve safety
Comments
Roads and Motorways
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million
Total cost (Approximate amount)
Preliminarily estimated at EUR 300 million
Environmental aspects
The National Environmental Management Act, 1998 (replacing the South African Environmental Conservation Act, 1989) requires that an EIA is carried out for the various schemes. During appraisal, the Bank will review the EIA process adopted by the promoter to confirm that it complies with applicable domestic legislation, the principles laid out in EU Directives and any relevant international conventions to which the Republic of South Africa is party. The Bank will further ascertain whether social aspects related to the schemes are adequately addressed.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.
Status
Signed - 16/07/2009
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).