Tshwane metro to get R1.5-billion loan
The bank says its loan is part of their support to metros with a track record of good corporate governance and financial management as reflected in both their internal credit rating, audit outcomes and repayment profile.
The Development Bank of Southern Africa (DBSA) has announced it would help finance the Tshwane and Johannesburg metros to the tune of an R4.5-billion loan.
The loan would see R3-billion go to the Johannesburg metro and R1.5-billion to Tshwane.
The DBSA said these development loans were part of their support to metros “with a track record of good corporate governance and financial management as reflected in both their internal credit rating, audit outcomes and repayment profiles”.
“The funding is targeted towards rolling out large-scale infrastructure programmes to accelerate service delivery to communities by addressing backlogs, particularly in townships, rehabilitate infrastructure and invest in growth-supporting- and revenue-generating infrastructure.
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