Ekurhuleni Muni

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 The Project is to support the City of Ekurhuleni’s (“CoE” or the “Municipality”) FY16/17 capital investment program, through an IFC investment of up to US$50 million (South African Rands equivalent) in CoE's bond issuance of ~US$106 million (~ZAR 1.3 billion).  The proposed investment in CoE will be used to support a portion of CoE’s capital expenditures in improving and expanding public infrastructure such as roads and mass transit, water and sanitation, power among other social and environmental infrastructure. These projects are of high priority to CoE in improving the quality of life for its residents, and importantly provides enhanced access to public services and infrastructure to underserved areas. CoE’s infrastructure capex will support i) road infrastructure including pavement of up to 67 kilometers of new roads and the maintenance of over 1,300 kilometers of existing roads; ii) electrical infrastructure including the connection of over 6,000 new households in informal settlements; iii) water and sanitation infrastructure including upgrade of existing infrastructure and installation of new water and sewer pipes to expand access to services to 1,200 settlements. The infrastructure will also support the development of a bus system aimed at connecting the various areas that make up the Municipality and encourage motorists to switch to other more climate friendly modes of transport, making it an important tool in battling climate change.