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BRICS Bank lends South Africa $1bn for cities, report says
New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will use the funds to improve supply of water, sanitation and waste management, the Johannesburg-based newspaper reported, citing the lender set up by original Brics members — Brazil, Russia, India, China and South Africa.
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africanews.com
South Africa secures $1bn from BRICS bank for urban infrastructure | Africanews
The funds will support investment in the provision of essential urban services, including water supply and sanitation, electricity and solid waste management in eight South…
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businessday.co.za
Brics bank grants SA R16bn loan to upgrade metro infrastructure
Infrastructure financing drive lifts NDB lending to South Africa above R44bn
