Release date: 27 January 2012
Promoter – Financial Intermediary
eThekwini MunicipalityLocation
Description
The proposed investment loan concerns the financing of multi-sector priority investments from the eThekwini capital expenditure in the period 2011-2014. The programme comprises the improvement, rehabilitation, upgrading and extension of municipal infrastructure and facilities which form part of the city's Integrated Development Plan (IDP).
Objectives
The project will contribute to a more sustainable urban development and regeneration with an improvement of the urban environment through the provision and upgrading of municipal infrastructure facilities in key urban functions. It will also help creating an enabling environment for economic growth and development and therefore also contribute to achieving the Millennium Development Goals.
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 183 million
Environmental aspects
The project has to meet the environmental and social requirements of the Bank based on EU policy. The contents of environmental and social assessments undertaken by the promoter and the competent authorities' approvals will be analysed during appraisal.
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 - 31/07/2012
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).