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COJ Debt

Sector: Water Supply and Storage • Location: South Africa

Source: International Finance Corporation (IFC)

Project
Active

The Metropolitan Municipality of the City of Johannesburg (“CoJ” or “the City”) is the largest municipality in South Africa from a standpoint of revenue, expenditure and a population of 6.1 million (approximately 10% of the population of South Africa). IFC first engaged with CoJ in 2004 through a bond issuance and is now considering an investment of up ZAR 1.83 billion (c. US$ 100 million). This l

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The project “COJ Debt” is an infrastructure initiative in the Water Supply and Storage sector, located in South Africa. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

The Metropolitan Municipality of the City of Johannesburg (“CoJ” or “the City”) is the largest municipality in South Africa from a standpoint of revenue, expenditure and a population of 6.1 million (approximately 10% of the population of South Africa). IFC first engaged with CoJ in 2004 through a bond issuance and is now considering an investment of up ZAR 1.83 billion (c. US$ 100 million). This loan would support the City to finance its FY22/23 Capital Expenditure (“CAPEX”) projects, with focus on infrastructure development and maintenance, including property development, roads, power, water, waste collection, sanitation services, and transport, among others. IFC proceeds will only go to CAPEX-related investment with limited E&S risks and impacts, with funding not extending to subprojects resulting in any degree of involuntary physical and/or economic displacement.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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