Cape Town secures R2bn for water, public transport and electricity projects

The City of Cape Town has secured €100-million (R2-billion) in development finance for infrastructure projects. The loan is to be provided by France’s development bank, Agence Francaise de Developpement (AFD). The bulk of the funding (49%) will be directed to water and sanitation, followed by public transport initiatives called urban mobility (24%) and access to electricity (17%).