Promise
Shift to a utility model for water and electricity services to ensure financial and operational sustainability
Promise History
South Africa secures USD 500 million to improve basic services in metros
The South African government and the Asian Infrastructure Investment Bank signed a USD 500 million sovereign-backed loan to support the Metro Trading Services Programme, which aims to improve the financial sustainability, accountability and operational performance of municipal water and sanitation, electricity and solid-waste services across the eight metropolitan municipalities.
Government secures R5.6 billion to support municipal trading services reform
Government of South Africa secured €300 million (approximately R5.6 billion) in concessional financing from KfW Development Bank and Agence Française de Développement to support the Metro Trading Services Reform Programme, aimed at improving the financial sustainability and operational performance of municipal electricity, water and sanitation, and solid-waste services.
Government and New Development Bank sign $1 billion municipal infrastructure loan
National Treasury and the New Development Bank signed a $1 billion loan agreement to support infrastructure upgrades under the Metro Trading Services Reform Programme, which seeks to improve the governance, financial sustainability and operational performance of municipal trading services, including water, sanitation and electricity/energy.
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