Project Financing

A financial loan arrangement has been entered into for the raising of a long term debt finance of some R58,74 million with the French Development Bank, the AFD (Agence Francaise De Developpement Proparco).

Also the DTI (Department of Trade and Industry) have offered grant donor funding for the project to the order of R17,7 million for facets of the project that are definably critical infrastructure developmental works. The DTI agreement is being arranged through a facilitator, namely Gotoba (Pty) Ltd, who have previously offered a similar service to eThekwini for the “INK” and “Bridge City” projects.

The total debt financing is to cover “Component One” and “Two” of the project comprising the Mariannhill and La Mercy landfills and the Bisasar Road landfill respectively.