South Africa Secures $405 Million NDB Financing for Water and Healthcare Infrastructure
South Africa has signed $405 million in loan agreements with the New Development Bank to finance two major infrastructure projects in water and healthcare, directing $205 million towards the Magalies Bulk Water Supply Scheme and $200 million towards a new 488-bed tertiary hospital in Polokwane. The agreements, signed on August 28, come as the country faces deteriorating municipal water infrastructure, shortages in specialised healthcare capacity and growing pressure on government to direct limited public resources towards essential services.
Photo courtesy of Ivan Bandura.
Source: Africa Sustainability Matters (link opens in a new window)
