Cape Town Debt

active

The Project is to support the City of Cape Town Metropolitan Municipality’s (“CCT” or the “City”) FY24/25 capital investment program, through a proposed IFC loan of up to the lower of ZAR2.8 billion or US$150 million (in South African Rands equivalent) with an up to 20-year tenor. The investment aims to support the City’s FY24/25 capital investment program for infrastructure assets, which comprises primarily upgrades, replacements and expansion of sanitation and water supply infrastructure, roads, electrical infrastructure, and transport assets, amongst others. The capital investment program forms part of the City’s ten-year infrastructure plan, under which the City aims to address key infrastructure gaps to deliver quality basic services to its growing population and enable inclusive economic growth.