DBSA gears up to fill Covid-induced municipal funding gaps

Development Bank of Southern Africa (DBSA), which recently disbursed loans worth R4.5-billion to two Gauteng metropolitan councils to support ongoing infrastructure delivery amid coronavirus-induced liquidity constraints, reports that it is gearing up to support several other municipalities to help close funding gaps that have arisen during the pandemic. Between June and July, the State-owned development finance institution disbursed a R3-billion loan to the City of Johannesburg and R1.5-billion to the City of Tshwane for the roll-out of infrastructure programmes, including the construction and upgrade of electrical, water, sanitation, refuse, road and stormwater facilities, as well as to support human settlements projects.