PROJECT

Projects

Summary of Proposed Investment

Project Number

24363

Company Name

BUFFALO CITY MUNICIPALITY

Date SPI Disclosed

May 12, 2005

Country

South Africa

Industry

Infrastructure

Projected Board Date

Jun 17, 2005

Status

Completed

Sector

Water and Wastewater Utilities

Department

Regional Industry - INF Africa

Environmental Category

C - No Impact

Previous Events

Approved : Jan 20, 2006
Signed : Mar 8, 2006

Project Description

The Municipality of Buffalo City (MBC) has a capital expenditure program over the next three years of $151 million. A significant portion of these investments are in the area of high priority infrastructure. The purpose of the project is to provide support to the city in financing its capital investment plans and optimizing its borrowing structure through the provision of a partial credit guarantee.

Sponsor / Cost / Location

Development Impact