CT secures over R2bn in infrastructure financing from French development bank

Source: Hansueli Krapf © 123RF.com

The €100m is a developmental loan and will be spread across several categories of infrastructure, including water and sanitation (49%), urban mobility (24%), and access to electricity (17%).

"AFD has partnered with the City of Cape Town on a number of key impact areas, including municipal infrastructure, biodiversity and water security. With this loan, we hope to further support the city in addressing socio-spatial inequalities and sustainable climate-resilient development," said Audrey Rojkoff, AFD Southern Africa regional director and country director for South Africa.

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Besides financial funding in the form of loans and grants, AFD has also provided technical assistance to plan major infrastructure projects.